<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Removal of capital goods - reversal of cenvat</title>
    <link>https://www.taxtmi.com/forum/issue?id=1126</link>
    <description>Reversal of CENVAT credit is required when capital goods on which credit was taken are removed; the provider must remit an amount equal to the CENVAT credit claimed reduced by the prescribed periodic reduction measured from the date of taking the credit. An invoice documenting removal is required and an invoice used in providing services may suffice, though a commercial invoice may be needed where VAT implications arise.</description>
    <language>en-us</language>
    <pubDate>Wed, 29 Apr 2009 10:45:51 +0530</pubDate>
    <lastBuildDate>Thu, 23 Jan 2025 15:58:47 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=315599" rel="self" type="application/rss+xml"/>
    <item>
      <title>Removal of capital goods - reversal of cenvat</title>
      <link>https://www.taxtmi.com/forum/issue?id=1126</link>
      <description>Reversal of CENVAT credit is required when capital goods on which credit was taken are removed; the provider must remit an amount equal to the CENVAT credit claimed reduced by the prescribed periodic reduction measured from the date of taking the credit. An invoice documenting removal is required and an invoice used in providing services may suffice, though a commercial invoice may be needed where VAT implications arise.</description>
      <category>Discussion-Forum</category>
      <law>Service Tax</law>
      <pubDate>Wed, 29 Apr 2009 10:45:51 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/forum/issue?id=1126</guid>
    </item>
  </channel>
</rss>