https://www.taxtmi.com/notifications?id=3589 Amendments permit CENVAT credit treatment of the Secondary and Higher Education Cess and allow interchangeability in utilisation with existing education cess credits. Providers of specified output services may opt to utilise CENVAT credit for taxable services subject to written notification, monthly provisional computation and payment of credit attributable to exempted services, annual reconciliation by 30 June, interest on shortfalls, and reporting; annual-only reconciliation is allowed where no taxable service existed. Revised returns permitted within sixty days; exemptions invoked by manufacturers or service providers require payment of CENVAT credit on inputs in stock, with residual credit lapsing; penalties and rule wording are also revised. en-us Thu, 01 Mar 2007 00:00:00 +0530 Sat, 08 Nov 2008 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3589 Amendments permit CENVAT credit treatment of the Secondary and Higher Education Cess and allow interchangeability in utilisation with existing education cess credits. Providers of specified output services may opt to utilise CENVAT credit for taxable services subject to written notification, monthly provisional computation and payment of credit attributable to exempted services, annual reconciliation by 30 June, interest on shortfalls, and reporting; annual-only reconciliation is allowed where no taxable service existed. Revised returns permitted within sixty days; exemptions invoked by manufacturers or service providers require payment of CENVAT credit on inputs in stock, with residual credit lapsing; penalties and rule wording are also revised. Notifications Central Excise Thu, 01 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3589