Reversal of proportionate credit - the services in advancing ...

Loan Services Exempt from Tax; Interest Counts in Reversal Calculation u/r 6(3A)(c) of CENVAT Credit Rules.

March 19, 2019

Case Laws Service Tax AT

Reversal of proportionate credit - the services in advancing loans etc. are exempt. Therefore, the amount of interest earned in advancing of loans needs to be taken into consideration while determining the amount to be reversed in term of Rule 6(3A)(c) of the CENVAT Credit Rules, 2004.

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Reversal of proportionate credit - the services in advancing ...

Loan Services Exempt from Tax; Interest Counts in Reversal Calculation u/r 6(3A)(c) of CENVAT Credit Rules.

March 19, 2019

Case Laws Service Tax AT

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