Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Telecom Operators Entitled to Claim CENVAT Credit On Infrastructure Duties: Supreme Court
The Supreme Court of India ruled that telecom operators are entitled to claim CENVAT credit on infrastructure duties. This decision allows telecom companies to offset their tax liabilities by claiming credit for the duties paid on infrastructure inputs. The ruling provides significant relief to the telecom sector, which has been grappling with high operational costs and regulatory challenges. By allowing CENVAT credit, the Supreme Court has ensured that telecom operators can reduce their tax burden and improve their financial health.