SC rules in favor of telcos, allows Cenvat credits on infrastructure duties, ET LegalWorld
In a big win for the telecom sector, the Supreme Court Wednesday ruled service providers can claim Cenvat credits on central excise duties paid to buy key telecom infrastructure, such as towers and their components, green shelters, prefabricated buildings (PFBs) and other related materials. Bharti Airtel, Vodafone Idea and Indus Towers stand to benefit from […]
SC grants telecom firms right to claim tax credits on infrastructure duties, ET LegalWorld
In a major development for the telecom industry, the Supreme Court today ruled in favor of telecom companies, affirming their entitlement to claim credit for duties paid on parts such as tower components and green shelters. This decision overturns a previous judgment by the Bombay High Court, which had classified these items as non-capital goods, […]