CENVAT Credit admissible on ‘Banking & Financial Services’ used in Immovable Property Renting

Bangalore Housing Development & Investments Vs Commissioner of Central Tax (CESTAT Bangalore) Introduction: A recent ruling by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Bangalore has important implications for businesses in the property rental sector. The case, titled “Bangalore Housing Development & Investments Vs Commissioner of Central Tax,” centers on the admissibility of CENVAT credit for ‘banking and financial services’ used in providing renting of immovable property services. In this article, we’ll explore the details of th...