https://www.taxtmi.com/forum/issue?id=110201 Notification 24/2016-CENT clarifies that the one-year bar on availing Cenvat credit does not apply to services consisting of assignment of the right to use natural resources when provided by the Government, local authorities or others. It replaces the prior Sixth-Eighth provisos with a substituted Sixth allowing service tax credit actually paid, upfront or in installments in any financial year, to be spread evenly over three years; the Seventh proviso remains unchanged and the Eighth proviso is deleted as redundant. en-us Tue, 19 Apr 2016 10:40:57 +0530 Thu, 23 Jan 2025 15:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110201 Notification 24/2016-CENT clarifies that the one-year bar on availing Cenvat credit does not apply to services consisting of assignment of the right to use natural resources when provided by the Government, local authorities or others. It replaces the prior Sixth-Eighth provisos with a substituted Sixth allowing service tax credit actually paid, upfront or in installments in any financial year, to be spread evenly over three years; the Seventh proviso remains unchanged and the Eighth proviso is deleted as redundant. Discussion-Forum Central Excise Tue, 19 Apr 2016 10:40:57 +0530 https://www.taxtmi.com/forum/issue?id=110201