https://www.taxtmi.com/caselaws?id=434626 CENVAT credit rules require that option for treatment of input services be exercised in accordance with Rule 6 procedures and is effective only prospectively; retrospective intimation is not permitted, and the option cannot be applied retroactively to earlier tax periods. An assessee may not simultaneously adopt mutually exclusive options for allocation between exempt and taxable services; once an option is chosen it must be adhered to. Failure to follow the procedural requirements for exercising the option is not a mere formality and may attract recovery, interest and penalties where credits were taken and later reversed contrary to the prescribed procedure. en-us Mon, 27 Feb 2023 00:00:00 +0530 Mon, 19 Jan 2026 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434626 CENVAT credit rules require that option for treatment of input services be exercised in accordance with Rule 6 procedures and is effective only prospectively; retrospective intimation is not permitted, and the option cannot be applied retroactively to earlier tax periods. An assessee may not simultaneously adopt mutually exclusive options for allocation between exempt and taxable services; once an option is chosen it must be adhered to. Failure to follow the procedural requirements for exercising the option is not a mere formality and may attract recovery, interest and penalties where credits were taken and later reversed contrary to the prescribed procedure. Case-Laws Service Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434626