Cenvat credit on building material: - Tax Expert or Jyotishi

Prepared By: -

CA Pradeep Jain,
Sukhvinder Kaur, LLB[FYIC]
CA Ridhi Anchalia



Introduction: -



This is most interesting remark we got on our article “Amendment on Cenvat on building material: Far from solutions” after the pronouncement of Larger Bench decision in case of Vandana Global Limited [2010-TIOL-624-CESTAT-DEL-LB]. In the aforesaid piece prepared by me along with Sukhvinder Kaur and Neetu Sukhwani, we have opined that after the amendment in the definition of “inputs”, the earlier cases will be decided in favour of manufacturers as the amendment is prospective and not retrospective. But our conclusion was wrong and Larger bench of Delhi Tribunal has given the decision in favour of Revenue
Read More.