https://www.taxtmi.com/forum/issue?id=107328 The core operative position recorded is that a manufacturer must reverse credit on inputs not utilised within the prescribed utilisation period; a subsequent budget amendment extended that time limit. The response directs to an external source for full provisions but does not resolve whether reversal of input service credit is required on removal of inputs as such nor specify which financial statement should determine the value of goods treated as trading. en-us Sat, 13 Sep 2014 18:25:37 +0530 Thu, 23 Jan 2025 15:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107328 The core operative position recorded is that a manufacturer must reverse credit on inputs not utilised within the prescribed utilisation period; a subsequent budget amendment extended that time limit. The response directs to an external source for full provisions but does not resolve whether reversal of input service credit is required on removal of inputs as such nor specify which financial statement should determine the value of goods treated as trading. Discussion-Forum Service Tax Sat, 13 Sep 2014 18:25:37 +0530 https://www.taxtmi.com/forum/issue?id=107328