https://www.taxtmi.com/forum/issue?id=109871 Where a works contract provider avails statutory abatement that excludes material value from the taxable service, Explanation 2 to Rule 2A of the Service Tax Valuation Rules prohibits taking CENVAT credit of duties or cess paid on inputs used in relation to that works contract; the material value being excluded from taxable value negates entitlement to credit on such inputs, and valuation rules and exemption notifications must be read together to fix the appropriate taxable base. en-us Fri, 12 Feb 2016 13:15:32 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109871 Where a works contract provider avails statutory abatement that excludes material value from the taxable service, Explanation 2 to Rule 2A of the Service Tax Valuation Rules prohibits taking CENVAT credit of duties or cess paid on inputs used in relation to that works contract; the material value being excluded from taxable value negates entitlement to credit on such inputs, and valuation rules and exemption notifications must be read together to fix the appropriate taxable base. Discussion-Forum Service Tax Fri, 12 Feb 2016 13:15:32 +0530 https://www.taxtmi.com/forum/issue?id=109871