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No Co-relation Required to Claim Refund: CESTAT allows Refund of Service Tax paid for Banking and Financial Services

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench, while allowing refund of service tax paid towards Banking and Financial Services, has held that the co-relation is not required to claim refund of service tax. The appellant, Welspun Global Ltd was aggrieved by the order of the tax authorities denying refund of Service…

Source Taxscan

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