TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Amends CENVAT Credit Rules: Changes to Rule 7 and Service Tax Credit Distribution Effective April 1, 2014</h1> The Government of India issued Notification No. 05/2014, amending the CENVAT Credit Rules, 2004, effective from April 1, 2014. Key changes include revisions to Rule 7, where the terms 'used in a unit' and 'used wholly in a unit' are replaced with 'used by one or more units' and 'used wholly by a unit,' respectively. Additionally, service tax credit for services used by multiple units will now be distributed pro rata based on unit turnover. The 'relevant period' for turnover is defined as either the preceding financial year or the last available quarter, depending on the assessee's turnover history.
TaxTMI 
TaxTMI 
