CENVAT credit eligibility broadened to include inputs at job worker premises, with extended timelines and clarified reverse charge rules.
Amendments expand CENVAT Credit availability when inputs or capital goods are received at job-worker premises and allow movement between job workers subject to return conditions; time limits to avail credit and to return capital goods are extended. Credit under partial reverse charge may be claimed by the service receiver without linking to payment to the service provider. Reversal provisions now cover non-excisable goods and recovery includes wrongly availed but unused credit. (AI Summary)

Reverse charge for director services: companies must pay service tax when directors render services in their corporate capacity.
Where a non executive, nominee or independent director provides services to the company in the capacity of director, those activities qualify as taxable service and the company is liable to pay service tax under the reverse charge mechanism per Rule 2(1)(d)EE and relevant notifications; employee-employer relationships remain excluded and threshold exemptions do not relieve reverse charge liabilities, while valuation includes fees, travel, incidental expenses and non monetary consideration and CENVAT credit considerations follow applicable credit rules. (AI Summary)