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CENVAT Credit Denial for Construction Services under Notification 1/2006-ST: Prior Periods Credit Still Available.

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Full Text of the Document

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....Construction Service - Notification No. 1/2006-ST dated 01.03.2006 - Denial of CENVAT Credit - The intention of the Government is also express, that it is not to disallow the CENVAT Credit for the previous period as there is no such specific bar in the subsequent Notification no. 1/2006 - AT....