https://www.taxtmi.com/forum/issue?id=110267 Interest on fixed deposits, being an exempt receipt under the negative list, need not be included for reversal of CENVAT credit under Rule 6(3) read with Rule 6(3A) and the Explanation to Rule 6(3D); turnover for apportionment must be determined by valuation rules under Section 67, using taxable value of construction receipts rather than P&L figures, which supports the calculation approach in Option 3. en-us Fri, 29 Apr 2016 11:29:47 +0530 Thu, 23 Jan 2025 15:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110267 Interest on fixed deposits, being an exempt receipt under the negative list, need not be included for reversal of CENVAT credit under Rule 6(3) read with Rule 6(3A) and the Explanation to Rule 6(3D); turnover for apportionment must be determined by valuation rules under Section 67, using taxable value of construction receipts rather than P&L figures, which supports the calculation approach in Option 3. Discussion-Forum Service Tax Fri, 29 Apr 2016 11:29:47 +0530 https://www.taxtmi.com/forum/issue?id=110267