<?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>Utilisation of Cenvat Credit</title>
    <link>https://www.taxtmi.com/forum/issue?id=3040</link>
    <description>Manufacturer with centralised service-tax registration can avail CENVAT credit on inputs and input services and distribute such credit via an Input Service Distributor to manufacturing units. Service tax on outward GTA services must be paid in cash and cannot be adjusted from the CENVAT account. CENVAT credit on renting of immovable property (an input taxable service) may be used to discharge output service tax liabilities. Amendments to definitions effective April 2011 increase the risk of interest and penalties for wrong availment or utilisation.</description>
    <language>en-us</language>
    <pubDate>Mon, 30 May 2011 13:53:30 +0530</pubDate>
    <lastBuildDate>Thu, 23 Jan 2025 15:58:20 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=317397" rel="self" type="application/rss+xml"/>
    <item>
      <title>Utilisation of Cenvat Credit</title>
      <link>https://www.taxtmi.com/forum/issue?id=3040</link>
      <description>Manufacturer with centralised service-tax registration can avail CENVAT credit on inputs and input services and distribute such credit via an Input Service Distributor to manufacturing units. Service tax on outward GTA services must be paid in cash and cannot be adjusted from the CENVAT account. CENVAT credit on renting of immovable property (an input taxable service) may be used to discharge output service tax liabilities. Amendments to definitions effective April 2011 increase the risk of interest and penalties for wrong availment or utilisation.</description>
      <category>Discussion-Forum</category>
      <law>Service Tax</law>
      <pubDate>Mon, 30 May 2011 13:53:30 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/forum/issue?id=3040</guid>
    </item>
  </channel>
</rss>