Relief to Punjab Gramin Bank: CESTAT Rules Cenvat Credit Allowed Without ISD Registration If Reflected in ST-3 Returns [Read Order]

CESTAT grants relief to Punjab Gramin Bank, ruling that Cenvat credit cannot be denied for lack of ISD registration if credit distribution is reflected in ST-3 returns
By Kavi Priya - On May 21, 2025 5:51 pm - 2 mins read
Punjab Gramin Bank - ST-3 Returns - CESTAT Rules Cenvat Credit - taxscan

The Chandigarh Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that Cenvat credit cannot be denied solely for lack of Input Service Distributor (ISD) registration if the distribution of credit is duly reflected in ST-3 returns. Punjab Gramin Bank, the appellant, is a registered service provider under the categories of banking…

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