https://www.taxtmi.com/news?id=310 Amendments clarify that Cenvat credit for input services is admissible only "up to the place of removal," exclude GTA services from the definition of output service tax, restrict use of Cenvat credit (other than NCCD) for payment of NCCD, require either payment of eight percent of exempted services or reversal of attributable credit when taxable and exempt services are supplied together, permit capital goods to remain outside premises without reversal when used to provide taxable services, allow inter-office distribution of credit subject to dealer allocation rules, and prescribe a general residual penalty. en-us Sat, 01 Mar 2008 13:07:00 +0530 Tue, 24 Jun 2008 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=310 Amendments clarify that Cenvat credit for input services is admissible only "up to the place of removal," exclude GTA services from the definition of output service tax, restrict use of Cenvat credit (other than NCCD) for payment of NCCD, require either payment of eight percent of exempted services or reversal of attributable credit when taxable and exempt services are supplied together, permit capital goods to remain outside premises without reversal when used to provide taxable services, allow inter-office distribution of credit subject to dealer allocation rules, and prescribe a general residual penalty. News - Sat, 01 Mar 2008 13:07:00 +0530 https://www.taxtmi.com/news?id=310