https://www.taxtmi.com/forum/issue?id=107600 Reversal of Cenvat credit debited to profit and loss is permissible if the service is an eligible input service, provided the taxpayer can prove eligibility, the invoice satisfies the required timing condition, and the earlier P&L accounting entry can be reversed to reinstate the credit. en-us Wed, 19 Nov 2014 16:22:17 +0530 Thu, 23 Jan 2025 15:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107600 Reversal of Cenvat credit debited to profit and loss is permissible if the service is an eligible input service, provided the taxpayer can prove eligibility, the invoice satisfies the required timing condition, and the earlier P&L accounting entry can be reversed to reinstate the credit. Discussion-Forum Service Tax Wed, 19 Nov 2014 16:22:17 +0530 https://www.taxtmi.com/forum/issue?id=107600