https://www.taxtmi.com/circulars?id=8060 Clarification explains that when substantive law treats book adjustments as constituting the gross amount charged, such adjustments qualify as payment for claiming CENVAT credit; credit is allowable where service charges and corresponding service tax are treated as paid and the tax has been paid to the government account. If the finally settled payment is less than the invoiced amount due to discounts or deductions, the invoice is treated as amended and credit is limited to the service tax actually paid, with subsequent refunds or extra payments requiring corresponding adjustment. en-us Fri, 30 Apr 2010 00:00:00 +0530 Fri, 06 Jan 2012 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8060 Clarification explains that when substantive law treats book adjustments as constituting the gross amount charged, such adjustments qualify as payment for claiming CENVAT credit; credit is allowable where service charges and corresponding service tax are treated as paid and the tax has been paid to the government account. If the finally settled payment is less than the invoiced amount due to discounts or deductions, the invoice is treated as amended and credit is limited to the service tax actually paid, with subsequent refunds or extra payments requiring corresponding adjustment. Circulars Service Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8060