Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit

Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit https://www.taxtmi.com/article/detailed?id=5930 Losses recorded as measurement tolerance that occur after undisputed receipt of inputs do not negate entitlement to Input Service Credit. Tax paid on inward transportation for inputs actually received is attributable to those received inputs and remains eligible for Cenvat credit even if some inputs are subsequently lost during manufacturing. en-us Thu, 04 Dec 2014 06:25:47 +0530 Thu, 04 Dec 2014 06:25:47 +0530 TaxTMI RSS Generator Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit https://www.taxtmi.com/article/detailed?id=5930 Losses recorded as measurement tolerance that occur after undisputed receipt of inputs do not negate entitlement to Input Service Credit. Tax paid on inward transportation for inputs actually received is attributable to those received inputs and remains eligible for Cenvat credit even if some inputs are subsequently lost during manufacturing. Articles Service Tax Thu, 04 Dec 2014 06:25:47 +0530 https://www.taxtmi.com/article/detailed?id=5930