Cenvat Credit Rules 2004

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..... Cenvat Credit Rules 2004
Query (Issue) Started By: - Admin TMI Dated:- 1-3-2015 Last Reply Date:- 1-3-2015 Service Tax
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Service Tax
Question - What are proposed amendments in .....

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..... Cenvat Credit Rules, 2004 in Finance Bill 2015 ? Reply By Admin TMI: The Reply: Cenvat Credit Rules, 2004 * Rule 4(7) is being amended to allow Cenvat Credit of Service Tax paid under partial reve .....

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..... rse charge by the service receiver without linking it to the payment to the service provider. This change will come into effect from 1.4.2015. * The period for taking Cenvat Credit is being extended .....

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..... from six months from the date of invoice to one year from the date of invoice. * Certain other changes are being made in the provisions of the Cenvat Credit Rules, 2004, which, inter-alia, include .....

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..... allowing Cenvat Credit on input and capital goods received directly by job workers, defining "export goods" for the purposes of rule 5, defining "exempt goods" for the purposes of rule 6, making appli .....

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..... cable the provision of rule 9(4) to importer dealers, authorizing imposition of restrictions on registered dealers under rule 12AAA, and provisions relating to recovery of credit wrongly taken and imp .....

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..... osition of penalty. For details, the D.O. letter of J.S (TRU-I) may please be referred to.
Discussion Forum - Knowledge Sharing .....

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