https://www.taxtmi.com/forum/issue?id=5072 Whether service tax paid on portfolio management management fees qualifies as an input service for availing CENVAT credit and whether such credit can be adjusted against service tax on unrelated output services is contested: some practitioners assert no strict one-to-one nexus is required and that lawfully availed credit may be used against any output service liability, while Rule 2(l) suggests an input service must be shown to be used in providing the output service, creating a need to demonstrate nexus or use. en-us Tue, 18 Dec 2012 21:51:52 +0530 Thu, 23 Jan 2025 15:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5072 Whether service tax paid on portfolio management management fees qualifies as an input service for availing CENVAT credit and whether such credit can be adjusted against service tax on unrelated output services is contested: some practitioners assert no strict one-to-one nexus is required and that lawfully availed credit may be used against any output service liability, while Rule 2(l) suggests an input service must be shown to be used in providing the output service, creating a need to demonstrate nexus or use. Discussion-Forum Service Tax Tue, 18 Dec 2012 21:51:52 +0530 https://www.taxtmi.com/forum/issue?id=5072