- Indian Supreme Court issued judgment on central VAT credit rules for mobile service providers
- Group of MSPs sought to claim CENVAT credits to offset excise duties for mobile towers and PFBs
- Supreme Court ruled taxpayers entitled to claim CENVAT credit for movable property considered capital goods and inputs
- Taxpayers can use CENVAT credit to pay service tax for output services
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
