CESTAT rules Cognizant Technology not Liable to Reverse Cenvat Credit on Exempted Service of ‘Onsite Development of Software Services’ to Branch Office Situated Abroad [Read Order]

The CESTAT ruled that Cognizant Technology not liable to reverse cenvat credit on exempted service of ‘onsite development of software services’ to branch office situated abroad
By Kalyani B. Nair - On February 6, 2024 8:07 am - 2 mins read
CESTAT - Cognizant Technology - Reverse Cenvat Credit - site Development of Software Services - Branch Office Situated Abroad - taxscan

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that Cognizant Technology not liable to reverse cenvat credit on exempted service of ‘onsite development of software services’ to branch office situated abroad. The Appellants availed Cenvat Credit of Service Tax paid on their input services like Banking & Other Financial…

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