Reversal of credit
This query is : Resolved
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.
15 November 2012
Thank you So much..
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...
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