https://www.taxtmi.com/circulars?id=61700 Reversal of Cenvat credit is required only where the twin conditions of restrictions on both inputs and input services are met; services listed in the notification do not automatically become exempted services. For service activity involving supply of food or drink, valuation restrictions under the Service Tax determination rules apply and no further reversal under the Cenvat Credit Rules is required beyond those valuation restrictions. en-us Fri, 05 Jul 2019 00:00:00 +0530 Fri, 05 Jul 2019 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61700 Reversal of Cenvat credit is required only where the twin conditions of restrictions on both inputs and input services are met; services listed in the notification do not automatically become exempted services. For service activity involving supply of food or drink, valuation restrictions under the Service Tax determination rules apply and no further reversal under the Cenvat Credit Rules is required beyond those valuation restrictions. Circulars Service Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61700