https://www.taxtmi.com/forum/issue?id=109118 Cenvat credit cannot be availed for the service portion of a works contract as the valuation rules treat that component as a taxable service; therefore there is no obligation to reverse credit attributable to that service portion. A contrary point of view highlights that credit is excluded where inputs are used for construction or foundational works, while repair and maintenance of machinery used in manufacturing may present a distinct factual scenario for creditability. en-us Fri, 04 Sep 2015 16:32:07 +0530 Thu, 23 Jan 2025 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109118 Cenvat credit cannot be availed for the service portion of a works contract as the valuation rules treat that component as a taxable service; therefore there is no obligation to reverse credit attributable to that service portion. A contrary point of view highlights that credit is excluded where inputs are used for construction or foundational works, while repair and maintenance of machinery used in manufacturing may present a distinct factual scenario for creditability. Discussion-Forum Service Tax Fri, 04 Sep 2015 16:32:07 +0530 https://www.taxtmi.com/forum/issue?id=109118