https://www.taxtmi.com/forum/issue?id=1899 Rule 6 requires that when a taxpayer elects an option relating to exempted goods or services the choice must be applied for the whole financial year and, for certain options, written intimation to the Superintendent under Rule 6(3A)(a) is required. Omission to intimate may be remedied by belated submission with condonation and ST 3 disclosure, but can lead to proportionate reversal of CENVAT credit under Rule 6(3)(ii) and potential penalties or demands depending on adjudication and any assessed revenue loss. en-us Sat, 24 Apr 2010 19:24:09 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1899 Rule 6 requires that when a taxpayer elects an option relating to exempted goods or services the choice must be applied for the whole financial year and, for certain options, written intimation to the Superintendent under Rule 6(3A)(a) is required. Omission to intimate may be remedied by belated submission with condonation and ST 3 disclosure, but can lead to proportionate reversal of CENVAT credit under Rule 6(3)(ii) and potential penalties or demands depending on adjudication and any assessed revenue loss. Discussion-Forum Service Tax Sat, 24 Apr 2010 19:24:09 +0530 https://www.taxtmi.com/forum/issue?id=1899