https://www.taxtmi.com/article/detailed?id=5187 Cenvat credit need not be reversed where input services were correctly availed and used to provide taxable services but service tax was not paid on portions of consideration that remained unrecovered under the receipt/collection basis. The credit rules do not require proportional denial of input credit for unpaid amounts later written off as bad debts, nor do they treat such use as wrongful utilization warranting reversal or penalty. en-us Thu, 11 Jul 2013 13:06:08 +0530 Thu, 11 Jul 2013 13:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5187 Cenvat credit need not be reversed where input services were correctly availed and used to provide taxable services but service tax was not paid on portions of consideration that remained unrecovered under the receipt/collection basis. The credit rules do not require proportional denial of input credit for unpaid amounts later written off as bad debts, nor do they treat such use as wrongful utilization warranting reversal or penalty. Articles Service Tax Thu, 11 Jul 2013 13:06:08 +0530 https://www.taxtmi.com/article/detailed?id=5187