https://www.taxtmi.com/article/detailed?id=5514 Service providers subject to partial reverse charge may claim refund of accumulated unutilised CENVAT credit on inputs and input services when such credit cannot be utilised for payment of service tax on specified output services. Refund is calculated by apportioning CENVAT credit taken during the half year in proportion to turnover of partial reverse charge services relative to total turnover, and then deducting service tax actually paid by the provider for those partial reverse charge services during the half year. The notification prescribes the procedural requirements, safeguards and conditions for submitting and verifying refund claims. en-us Fri, 07 Mar 2014 08:15:57 +0530 Fri, 07 Mar 2014 08:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5514 Service providers subject to partial reverse charge may claim refund of accumulated unutilised CENVAT credit on inputs and input services when such credit cannot be utilised for payment of service tax on specified output services. Refund is calculated by apportioning CENVAT credit taken during the half year in proportion to turnover of partial reverse charge services relative to total turnover, and then deducting service tax actually paid by the provider for those partial reverse charge services during the half year. The notification prescribes the procedural requirements, safeguards and conditions for submitting and verifying refund claims. Articles Service Tax Fri, 07 Mar 2014 08:15:57 +0530 https://www.taxtmi.com/article/detailed?id=5514