The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside a service tax demand of over ₹1.70 crore, holding that subscription and redemption of mutual fund units cannot be treated as trading of goods or an exempted service, and therefore proportionate reversal of CENVAT credit is not required. The bench of…
HomeIndirect TaxesMutual Fund Investment Is Not an ‘Exempted Service’; CESTAT Quashes CENVAT Credit...
Mutual Fund Investment Is Not an ‘Exempted Service’; CESTAT Quashes CENVAT Credit Demand
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.
Latest articles
GST
GST | Special Audit Can’t Be Reopened Once Completed: Bombay High Court
The Bombay High Court has refused to order a supplementary audit and held that...
Direct Tax
Section 197 Certificate Applies to Entire Assessment Year: High Court of Madhya Pradesh Dismisses Revenue’s TDS Default Claims Against NHAI
The High Court of Madhya Pradesh has held that a certificate issued under Section...
Direct Tax
Nominee Director Not Immune from Prosecution in TDS Default Cases; Trial Necessary to Determine Liability: Madhya Pradesh High Court
The Madhya Pradesh High Court has held that a nominee director cannot claim blanket...
Notification
CBDT Extends Deadline for Issuance of TDS Certificates for December Quarter
The Central Board of Direct Taxes (CBDT) has extended the due date for issuance...
More like this
GST
GST | Special Audit Can’t Be Reopened Once Completed: Bombay High Court
The Bombay High Court has refused to order a supplementary audit and held that...
Direct Tax
Section 197 Certificate Applies to Entire Assessment Year: High Court of Madhya Pradesh Dismisses Revenue’s TDS Default Claims Against NHAI
The High Court of Madhya Pradesh has held that a certificate issued under Section...
Direct Tax
Nominee Director Not Immune from Prosecution in TDS Default Cases; Trial Necessary to Determine Liability: Madhya Pradesh High Court
The Madhya Pradesh High Court has held that a nominee director cannot claim blanket...

