https://www.taxtmi.com/news?id=1621 A new sub rule (2A) in rule 3 of the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 (Notification 1/2011 ST) restricts Cenvat credit where tax is paid on the full value of erection, commissioning and installation services, commercial or industrial construction, and residential complex construction after inputs have already been credited and the exemption under Notification 1/2006 ST was not availed, to prevent indirect benefit of input credit with the composition scheme. en-us Mon, 28 Feb 2011 16:18:17 +0530 Mon, 28 Feb 2011 16:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1621 A new sub rule (2A) in rule 3 of the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 (Notification 1/2011 ST) restricts Cenvat credit where tax is paid on the full value of erection, commissioning and installation services, commercial or industrial construction, and residential complex construction after inputs have already been credited and the exemption under Notification 1/2006 ST was not availed, to prevent indirect benefit of input credit with the composition scheme. News - Mon, 28 Feb 2011 16:18:17 +0530 https://www.taxtmi.com/news?id=1621