https://www.taxtmi.com/caselaws?id=261753 Service tax paid on professional and brokerage services used for private placement of shares to raise finance for a manufacturing project was treated as eligible input service credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The input service definition was applied broadly to cover business-related services connected with manufacture, not only services directly used in production. On that basis, financial services used to raise capital for the business were held to fall within the wider ambit of input service, and the credit was held admissible to the assessee. en-us Wed, 17 Jun 2015 00:00:00 +0530 Tue, 17 May 2016 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261753 Service tax paid on professional and brokerage services used for private placement of shares to raise finance for a manufacturing project was treated as eligible input service credit under Rule 2(l) of the Cenvat Credit Rules, 2004. The input service definition was applied broadly to cover business-related services connected with manufacture, not only services directly used in production. On that basis, financial services used to raise capital for the business were held to fall within the wider ambit of input service, and the credit was held admissible to the assessee. Case-Laws Service Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261753