Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the ‘appointed day’ may be availed of in full on that very day

Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the ‘appointed day’ may be availed of in full on that very day https://www.taxtmi.com/news?id=18181 The amendment permits that Cenvat credit relating to one time charges for assignment of the right to use any natural resource, which remained unavailed on the day immediately preceding the appointed day, may be availed in full on that appointed day, allowing transitional carry forward of such Service Tax credit into the GST regime. en-us Wed, 14 Jun 2017 16:32:45 +0530 Wed, 14 Jun 2017 16:33:00 +0530 TaxTMI RSS Generator Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST; Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the ‘appointed day’ may be availed of in full on that very day https://www.taxtmi.com/news?id=18181 The amendment permits that Cenvat credit relating to one time charges for assignment of the right to use any natural resource, which remained unavailed on the day immediately preceding the appointed day, may be availed in full on that appointed day, allowing transitional carry forward of such Service Tax credit into the GST regime. News - Wed, 14 Jun 2017 16:32:45 +0530 https://www.taxtmi.com/news?id=18181