CENVAT Credit Reversal: Single Taxable Transaction Under Works Contract Exemption, Rule 6 Not Applicable Due to Lack of Distinct Services.

CENVAT Credit Reversal: Single Taxable Transaction Under Works Contract Exemption, Rule 6 Not Applicable Due to Lack of Distinct Services. https://www.taxtmi.com/highlights?id=55808 Reversal of CENVAT Credit - works contract service - there is only one transaction of Works Contract Service which is taxable service of which certain portion has been exempted. There are no distinct transactions for two services involved. In such a situation, Rule 6 doesn't become applicable, it is only one distinct service. - AT en-us Wed, 09 Dec 2020 09:52:19 +0530 Wed, 09 Dec 2020 09:52:19 +0530 TaxTMI RSS Generator CENVAT Credit Reversal: Single Taxable Transaction Under Works Contract Exemption, Rule 6 Not Applicable Due to Lack of Distinct Services. https://www.taxtmi.com/highlights?id=55808 Reversal of CENVAT Credit - works contract service - there is only one transaction of Works Contract Service which is taxable service of which certain portion has been exempted. There are no distinct transactions for two services involved. In such a situation, Rule 6 doesn't become applicable, it is only one distinct service. - AT Highlights Service Tax Wed, 09 Dec 2020 09:52:19 +0530 https://www.taxtmi.com/highlights?id=55808