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HomeIndirect TaxesInvestment in Mutual Funds Not ‘Trading’, No CENVAT Credit Reversal Required for...

Investment in Mutual Funds Not ‘Trading’, No CENVAT Credit Reversal Required for Redemption of Units: CESTAT

Indirect Taxes

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By Mariya Paliwala
Investment in Mutual Funds Not ‘Trading’, No CENVAT Credit Reversal Required for Redemption of Units: CESTAT

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The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that investment in mutual fund units and their subsequent redemption cannot be treated as “trading of goods” or an “exempted service” under the Finance Act, 1994 and the CENVAT Credit Rules, 2004.  The bench of Justice Ajay Sharma (Judicial…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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