Relief to PwC: CESTAT allows CENVAT credit of Service Tax paid u/s 66 A of Finance Act

In a recent decision, the CESTAT granted relief to PwC, allowing CENVAT credit for service tax paid under Section 66A of the Finance Act. The case involved a dispute over the eligibility of credit against service tax paid on services received for business operations. CESTAT's ruling emphasized that services were used directly in the provision of output services, thereby allowing the credit under applicable provisions. This decision underscores the importance of correctly interpreting tax credit eligibility under the Finance Act, impacting similar disputes in service tax matters.