https://www.taxtmi.com/article/detailed?id=5502 The amendment clarifies distribution by an Input Service Distributor: credit for services used exclusively by units engaged in exempted goods/services cannot be distributed; credit used wholly by a unit must go only to that unit. Where services are used by more than one unit, Cenvat credit must be allocated pro rata by turnover among units that are operational in the year of distribution during the relevant period. The revised definition of "relevant period" requires prior turnover data (financial year or last available quarter), potentially preventing distribution until turnover details for all units are available. en-us Thu, 27 Feb 2014 11:09:31 +0530 Thu, 27 Feb 2014 11:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5502 The amendment clarifies distribution by an Input Service Distributor: credit for services used exclusively by units engaged in exempted goods/services cannot be distributed; credit used wholly by a unit must go only to that unit. Where services are used by more than one unit, Cenvat credit must be allocated pro rata by turnover among units that are operational in the year of distribution during the relevant period. The revised definition of "relevant period" requires prior turnover data (financial year or last available quarter), potentially preventing distribution until turnover details for all units are available. Articles Cenvat Credit Thu, 27 Feb 2014 11:09:31 +0530 https://www.taxtmi.com/article/detailed?id=5502