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CONDITIONS FOR TAKING CENVAT CREDIT ON INPUT SERVICES

Cenvat Credit - By: - Mr. M. GOVINDARAJAN - Dated:- 1-4-2015 - Rule 3 of CENVAT credit allows the manufacturer or provider of output services to take credit of service tax paid on input services and utilizes the same against the payment of central excise or service tax. The term input service is defined under Rule 2(l) as any service- used by a provider of output service for providing an output service; or used by a manufacturer, whether directly or indirectly, in or in relation to the manufac .....

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share registry, security, business exhibition, legal services, inward transportation of inputs or capital goods and outward transportation up to the place of removal; but excludes,- service portion in the execution of a works contract and construction services including service listed under clause (b) of section 66E of the Finance Act (hereinafter referred as specified services) in so far as they are used for - thereof; or construction or execution of works contract of a building or a ci .....

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otor vehicle in respect of a motor vehicle manufactured by such person ; or an insurance company in respect of a motor vehicle insured or reinsured by such person; or such as those provided in relation to outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, membership of a club, health and fitness centre, life insurance, health insurance and travel benefits extended to employees on vacation such as Leave or Home Travel Concession, when such services are used prima .....

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within three months of the date of the invoice, bill or, as the case may be, challan, the manufacturer or the service provider who has taken credit on such input services, shall pay an amount equal to CENVAT credit availed on such input service except the service tax paid as recipient of service; In case the said payment is made after the reversal of CENVAT credit, the manufacturer or the service provider shall be entitled to take the credit of the same; The credit shall be allowed in respect .....

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ssued before 01.04.2011 shall be allowed on or after the day on which payment is made of the value of input service and the service tax paid or payable as indicated in invoice, bill or, as the case may be, challan referred to in Rule 9; The manufacturer or provider of output service shall not take credit after one year (with effect from 01.03.2015) of the date of issue of any of the documents specified in Rule 9(1). The amount mentioned in this rule, unless specified otherwise, shall be paid b .....

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re the documents as specified in Rule 9(1): an invoice issued by- a manufacturer for clearance of inputs or capital goods from his factory or depot or from the premises of the consignment agent of the said manufacturer or from any other premises from where the goods are sold by or on behalf of the said manufacturer or inputs or capital goods as such; an importer; an importer from his depot or from the premises of the consignment agent of the said importer if the said depot or the premises, a .....

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