SUPREME COURT RULING ON CENVAT CREDIT TO REDUCE CONTINGENT LIABILITY OF RS 3704 CRORE
News: The Supreme Court ruled that 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.
Views: Indus Towers stated that Supreme Court's decision allowing tax credit claims for towers and related infra will reduce contingent liability by ₹ 3,704 crore.
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