https://www.taxtmi.com/news?id=245 Cenvat credit is not available for excise duty on goods transferred in execution of works contracts because valuation for works contract service excludes value attributable to such transfer; providers cannot claim Cenvat credit for that excise duty. A composite construction-related service must be classified by its nature and cannot be reclassified based on receipt timing to avail the Composition Scheme, so prior payers under other construction-related services are ineligible to switch classification solely for scheme access. en-us Sat, 05 Jan 2008 08:05:00 +0530 Wed, 25 Jun 2008 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=245 Cenvat credit is not available for excise duty on goods transferred in execution of works contracts because valuation for works contract service excludes value attributable to such transfer; providers cannot claim Cenvat credit for that excise duty. A composite construction-related service must be classified by its nature and cannot be reclassified based on receipt timing to avail the Composition Scheme, so prior payers under other construction-related services are ineligible to switch classification solely for scheme access. News - Sat, 05 Jan 2008 08:05:00 +0530 https://www.taxtmi.com/news?id=245