https://www.taxtmi.com/forum/issue?id=109889 The notification operates prospectively from its publication and therefore does not bar the department from issuing show cause notices for periods prior to its effective date. The amendment clarifies treatment of credit utilisation so that reversal of wrongly taken credit, when sufficient balance exists, may be treated as non-utilisation to mitigate interest liability. The question on service tax credit eligibility for trading sales remains unanswered in the responses. en-us Wed, 17 Feb 2016 12:36:12 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109889 The notification operates prospectively from its publication and therefore does not bar the department from issuing show cause notices for periods prior to its effective date. The amendment clarifies treatment of credit utilisation so that reversal of wrongly taken credit, when sufficient balance exists, may be treated as non-utilisation to mitigate interest liability. The question on service tax credit eligibility for trading sales remains unanswered in the responses. Discussion-Forum Central Excise Wed, 17 Feb 2016 12:36:12 +0530 https://www.taxtmi.com/forum/issue?id=109889