No Cenvat credit admissible on outward transportation services from factory to buyer’s premises

CA Bimal Jain We are sharing with you an important judgement of the Hon’ble Supreme Court of India in the case of Commissioner of Central Excise & Service Tax Vs. Ultra Tech Cement Limited  on the following issue: Issue: Whether Goods Transport Agency (GTA) services availed for transportation of goods from the place of removal to buyer’s premises will be considered as input service within the ambit of Rule 2(l) of the Cenvat Credit Rules, 2004 (the Credit Rules)? Facts & Background: During the period from January, 2010 to June 2010, M/s. Ultratech Cement Limited (“the Respondent...