https://www.taxtmi.com/article/detailed?id=6283 Rule 14 now permits recovery of Cenvat credit wrongly taken, wrongly utilised, or erroneously refunded-with recovery from the manufacturer or output service provider and, where utilisation or refund is involved, recovery with interest under the specified recovery provisions. All credits taken in a month are deemed taken on the last day of that month and utilisation is treated in the order: opening balance, admissible credits taken during the month, then inadmissible credits taken during the month. Time limits and invoice rules govern availment of input and input service credits, with reverse charge credits allowed only upon cash payment of service tax. en-us Fri, 29 May 2015 06:23:35 +0530 Fri, 29 May 2015 06:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6283 Rule 14 now permits recovery of Cenvat credit wrongly taken, wrongly utilised, or erroneously refunded-with recovery from the manufacturer or output service provider and, where utilisation or refund is involved, recovery with interest under the specified recovery provisions. All credits taken in a month are deemed taken on the last day of that month and utilisation is treated in the order: opening balance, admissible credits taken during the month, then inadmissible credits taken during the month. Time limits and invoice rules govern availment of input and input service credits, with reverse charge credits allowed only upon cash payment of service tax. Articles Service Tax Fri, 29 May 2015 06:23:35 +0530 https://www.taxtmi.com/article/detailed?id=6283