https://www.taxtmi.com/article/detailed?id=1217 Amendments narrow the definitions of inputs and input services, restricting credit to goods and services directly related to manufacture or provision of an output service and excluding capital goods, motor vehicles and employee oriented or personal consumption services; service providers, especially IT companies, must now establish a direct nexus between input services and the output service to claim cenvat credit, while expansion of exempted services to include trading and deletion of Rule 6(5) create new reversal obligations and remove prior safe harbours for construction and certain specified services. en-us Mon, 21 Mar 2011 11:44:08 +0530 Mon, 21 Mar 2011 11:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1217 Amendments narrow the definitions of inputs and input services, restricting credit to goods and services directly related to manufacture or provision of an output service and excluding capital goods, motor vehicles and employee oriented or personal consumption services; service providers, especially IT companies, must now establish a direct nexus between input services and the output service to claim cenvat credit, while expansion of exempted services to include trading and deletion of Rule 6(5) create new reversal obligations and remove prior safe harbours for construction and certain specified services. Articles Cenvat Credit Mon, 21 Mar 2011 11:44:08 +0530 https://www.taxtmi.com/article/detailed?id=1217