Service Tax - Utilisation of accumulated CENVAT credit restricted in terms of erstwhile Rule 6(3)( c) of CENVAT Credit Rules, 2004 - Regarding.

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....rvice Tax - Utilisation of accumulated CENVAT credit restricted in terms of erstwhile Rule 6(3)( c) of CENVAT Credit Rules, 2004 - Regarding. The issue of restriction of utilisation of accumulated CENVAT credit in terms of erstwhile Rule 6 (3)(c) of CENVAT Credit Rules, 2004 has been examined.  The following points emerged during its consideration: Ø Prior to 01.04.2008 [before t....

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....uch exempted / non-taxable service.  OR (ii) Option No.2 - He may pay an amount equivalent to CENVAT Credit attributable to inputs and input services attributable to exempted goods and non-taxable / exempted services. Ø As stated earlier, many taxpayers had accumulated CENVAT credit balance as on 01.04.2008.  The matter to be considered was whether this credit balance should....