https://www.taxtmi.com/forum/issue?id=5555 When service providers claiming CENVAT/input credit on a billing/accrual basis do not pay the service provider within the prescribed payment period measured from the bill date, they must reverse the credit. The reversal may be effected in the books (instead of payment through a challan) on or after the expiry of that prescribed period from the bill date. en-us Wed, 10 Apr 2013 15:34:12 +0530 Thu, 23 Jan 2025 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5555 When service providers claiming CENVAT/input credit on a billing/accrual basis do not pay the service provider within the prescribed payment period measured from the bill date, they must reverse the credit. The reversal may be effected in the books (instead of payment through a challan) on or after the expiry of that prescribed period from the bill date. Discussion-Forum Service Tax Wed, 10 Apr 2013 15:34:12 +0530 https://www.taxtmi.com/forum/issue?id=5555