Service tax inclusion under the Finance Act expands CENVAT credit eligibility by adding specified services to the credit rule. Amendment to Rule 3(1) of the CENVAT Credit Rules, 2004 inserts a new clause treating service tax leviable under section 66A of the Finance Act as ... Summary
Service tax inclusion under the Finance Act expands CENVAT credit eligibility by adding specified services to the credit rule.
Amendment to Rule 3(1) of the CENVAT Credit Rules, 2004 inserts a new clause treating service tax leviable under section 66A of the Finance Act as eligible for CENVAT credit and omits the terminal "and" in the preceding clause to accommodate this addition.
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