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Service Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Wrong Utilization of CENVAT Credit - Lapsed Credit - There was ...


CENVAT Credit Misuse Case: Accumulated Credit Won't Lapse, Confirms CBEC Circular; Rule 6(3) Allows Utilization.

September 10, 2013

Case Laws     Service Tax     AT

Wrong Utilization of CENVAT Credit - Lapsed Credit - There was no provision of law to come to such a conclusion - The CBE and C's Circular also confirmed that the accumulated credit would not lapse and Rule 6 (3) does not bar utilisation of accumulated credit - AT

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