https://www.taxtmi.com/article/detailed?id=834 Service tax on transactions between associated enterprises treats book debit or credit entries as taxable and as deemed payment, while Cenvat Credit Rules condition input credit on payment for the input service. A Board circular extended the meaning of "payment" to include book entries and permitted availment of credit when service charges and service tax are treated as gross amount charged and paid to the Government, thereby addressing the timing mismatch between levy and credit without amending the statutory rules. en-us Mon, 21 Jun 2010 16:16:11 +0530 Mon, 21 Jun 2010 23:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=834 Service tax on transactions between associated enterprises treats book debit or credit entries as taxable and as deemed payment, while Cenvat Credit Rules condition input credit on payment for the input service. A Board circular extended the meaning of "payment" to include book entries and permitted availment of credit when service charges and service tax are treated as gross amount charged and paid to the Government, thereby addressing the timing mismatch between levy and credit without amending the statutory rules. Articles Service Tax Mon, 21 Jun 2010 16:16:11 +0530 https://www.taxtmi.com/article/detailed?id=834