Reversal of CENVAT Credit - providing of taxable as well as ...
Business Maintains Separate Accounts, Avoids 8%/10% Payment u/r 6(3) Due to Proportionate CENVAT Credit.
July 19, 2019
Case Laws Service Tax HC
Reversal of CENVAT Credit - providing of taxable as well as exempt service - since the respondent had availed only proportionate credit, the respondent was not legally required to pay 8%/10% amount under rule 6(3) of the Rules, since it can be said to have maintained separate accounts as required under rule 6(2) of the Rules.
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