https://www.taxtmi.com/article/detailed?id=89 Amendment prescribes two methods to determine Cenvat Credit attributable to exempted goods and exempted services: a simple fixed-percentage payment option and a complex method requiring monthly provisional and year-end final attribution of input credit to exempted supplies, with reversal of attributable credit. The complex method uses prior-year and current-year values to allocate credit, and any shortfall after final determination must be paid by 30 June with interest for delay, while excess provisional payments may be adjusted; intimation to the superintendent is required within fifteen days. en-us Mon, 03 Mar 2008 00:00:00 +0530 Thu, 10 Dec 2009 21:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=89 Amendment prescribes two methods to determine Cenvat Credit attributable to exempted goods and exempted services: a simple fixed-percentage payment option and a complex method requiring monthly provisional and year-end final attribution of input credit to exempted supplies, with reversal of attributable credit. The complex method uses prior-year and current-year values to allocate credit, and any shortfall after final determination must be paid by 30 June with interest for delay, while excess provisional payments may be adjusted; intimation to the superintendent is required within fifteen days. Articles Cenvat Credit Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=89