Tuesday, May 04, 2010

Clarification regarding availment of credit on input services

CBEC has clarified issues related to CENVAT credit availment on input services under following circumstances.

1. When payment is made through debit/credit entries in books of accounts for payments made to "Associated Enterprises"

2. When full payment of invoice is not made.

Click here for the text of the circular no. 122/03/2010 - ST   

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