Credit of Service tax

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..... Credit of Service tax
Query (Issue) Started By: - CA. R.K.Aggarwal Dated:- 12-3-2008 Last Reply Date:- 13-3-2008 Service Tax
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Service Tax
In view of notification no.10/2008 dt .....

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..... 1-3-08,restiction of 20% on use of CENVAT credit goes away (wef. 01-04-08), now either pay 8% 0f exempted service or revese the credit attributable to exempted service. In this case, are we still enti .....

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..... tled to claim full credit of 16 services given in sub-rule(5) of rule 6 of e Cenvat Credit Rule. Reply By V.Ramanujam: The Reply: I am of the view so long as the rule is in the statute book and ther .....

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..... e is no express restrictions in the provisions, one can continue to avail full credit of 16 specified services as per rule 6(5) even after 1.4.2008.
Discussion Forum - Knowledge Sharing .....

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