https://www.taxtmi.com/article/detailed?id=1812 The negative list permits Cenvat credit together with prescribed abatement for services like mandap keeper, restaurant supply and outdoor catering; these services cease to be "exempted services" under Rule 2(e) and are treated as taxable services for Cenvat rules. As a result, gross receipts for such services will be counted as taxable receipts, reducing the quantum of exempted receipts and thereby lowering the proportionate reversal under Rule 6. With reduced exempted receipts, providers may elect the simpler fixed-rate reversal alternative, improving Cenvat balances and cash flow. en-us Wed, 11 Jul 2012 12:28:24 +0530 Wed, 11 Jul 2012 12:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1812 The negative list permits Cenvat credit together with prescribed abatement for services like mandap keeper, restaurant supply and outdoor catering; these services cease to be "exempted services" under Rule 2(e) and are treated as taxable services for Cenvat rules. As a result, gross receipts for such services will be counted as taxable receipts, reducing the quantum of exempted receipts and thereby lowering the proportionate reversal under Rule 6. With reduced exempted receipts, providers may elect the simpler fixed-rate reversal alternative, improving Cenvat balances and cash flow. Articles Service Tax Wed, 11 Jul 2012 12:28:24 +0530 https://www.taxtmi.com/article/detailed?id=1812