CENVAT Credit Denied for Furniture in Banking Services; Switching from Capital Goods to Inputs Not Allowed.

CENVAT Credit Denied for Furniture in Banking Services; Switching from Capital Goods to Inputs Not Allowed. https://www.taxtmi.com/highlights?id=47024 Admissibility of CENVAT Credit on various items of Furniture and Fixture to the provider of Banking and Financial Services - Since the scheme of credit in respect of Capital Goods is not identical with the scheme credit on inputs such flip flop from Capital Goods to inputs should not be permissible. en-us Thu, 06 Jun 2019 10:07:29 +0530 Thu, 06 Jun 2019 10:07:29 +0530 TaxTMI RSS Generator CENVAT Credit Denied for Furniture in Banking Services; Switching from Capital Goods to Inputs Not Allowed. https://www.taxtmi.com/highlights?id=47024 Admissibility of CENVAT Credit on various items of Furniture and Fixture to the provider of Banking and Financial Services - Since the scheme of credit in respect of Capital Goods is not identical with the scheme credit on inputs such flip flop from Capital Goods to inputs should not be permissible. Highlights Service Tax Thu, 06 Jun 2019 10:07:29 +0530 https://www.taxtmi.com/highlights?id=47024