Reversal of credit
This query is : Resolved
Raghav Bharadwaj
(Querist)
15 November 2012
Dear Colleagues, One of our client providing a Taxable service and at the same time they providing service to SEZ unit as well.so my query is do we need to reverse the CENVAT Credit which we have utilised..
15 November 2012
Not required. See Rule 6(6A) of cenvat credit rules.
Raghav Bharadwaj
(Querist)
15 November 2012
Thank you So much..
Vishakha Kejriwal.
(Expert)
19 November 2012
To add further, please note vide Not. 28/2012 w.e.f 1.7.2012 the sub-rule (6A) of Rule 6 has been substituted with sub-Rule (7) and sub-rule (8).Rule 6(7) states that the provisions of reversal of credit shall not be applicable in case taxable services are provided without payment of service tax to a unit in SEZ or to a Developer of SEZ for their authorised operations...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
