Fit-Out Charges

Rule 6(5) and the 'Exclusively' Test: Madras High Court Upholds Full CENVAT Credit for an IT Park Operator but Sustains Service Tax on Fit-Out Charges

In Commissioner of GST & Central Excise v. Ascendas IT Park (Chennai) Ltd., a Division Bench of the Madras High Court reads the word 'exclusively' in Rule 6(5) literally, rejects a Board circular as irrelevant, and yet rules for the Department on service tax on fit-outs.