TaxTMI 
TaxTMI 
Sir,
Please clarify now Reversal amount under rule 6 of CCR Rules rate is now 6% for 7% as on date 01.06.2015.
Thanking you
V.Laxmaiah
Reversal amount under rule 6
20 Aug 2015 
1 Reply 
2098 Views Asked by
Reversal under rule six requires different treatment for goods and services, lower for inputs and higher for input services.
Rule Six distinguishes reversal treatment between inputs (goods) and input services: a lower reversal rate applies to physical inputs, while a higher reversal rate applies to input services used in the provision of output services or in manufacturing; proper classification and application of these rates determine the reversal amount under the rule. (AI Summary)
Rule Six distinguishes reversal treatment between inputs (goods) and input services: a lower reversal rate applies to physical inputs, while a higher reversal rate applies to input services used in the provision of output services or in manufacturing; proper classification and application of these rates determine the reversal amount under the rule. (AI Summary)