Reversal of credit

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..... (1) A SERVICE PROVIDER availes 50% credit last FY, reaining 50% credit this FY on a C.G.. (2) He utilised full credit (by paying ST) in this FY (3) He closes his bussiness, surrenders RC certificate ( .....

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..... 4) His C.G. is now being utilised by another service provider Q:- What will be the revenue implication, whether credit already aviled is required to be reversed? - Reply By Mukesh Kumar - The Reply = .....

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..... Your query need further details and detailed analysis. What is the status after surrender. Since he has closed the business, whether the machinery has been sold or business as such transferred. See r .....

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..... ule 10 of CCR regarding transfer of cenvat credit. If you are not entitled to transfer of credit as per rule 10 and sold the machinery, indeed, there is a mandatory requirement of reversal of cenvat c .....

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..... redit on capital goods. - Reversal of credit - Query Started By: - Penumerthy Muralikrishna Dated:- 12-11-2009 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply p .....

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..... ost by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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