Service tax credit: entitlement tied to payment and credit transferable on establishment transfer or ownership change. Amendment conditions entitlement to service tax credit on payment for the input service and related service tax shown in invoice or challan, limits utilisation to the credit available on the last day of the month (or quarter for individuals, proprietors and partnerships), and permits transfer of unutilised credit when an establishment is shifted or transferred on change of ownership, sale, merger, amalgamation, lease or to a joint venture with specific provision for transfer of liabilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax credit: entitlement tied to payment and credit transferable on establishment transfer or ownership change.
Amendment conditions entitlement to service tax credit on payment for the input service and related service tax shown in invoice or challan, limits utilisation to the credit available on the last day of the month (or quarter for individuals, proprietors and partnerships), and permits transfer of unutilised credit when an establishment is shifted or transferred on change of ownership, sale, merger, amalgamation, lease or to a joint venture with specific provision for transfer of liabilities.
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