CA NeWs Beta*: Don’t avail CENVAT credit on these Input Services

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Thursday, May 3, 2012

Don’t avail CENVAT credit on these Input Services

Certain services were specifically excluded from the definition of “input services” w. e. f. 01.04.2011.
Now, w. e. f. 01.04.2012, notification No. 18/2012-C.E. (N.T.) dated 17.03.2012 has amended in said exclusion clause.
It is very important to identify those input services in respect of which CENVAT credit is specifically denied. Therefore, we have prepared a handy negative list of Input Services.

Please don’t avail CENVAT credit in respect of services listed in attachment to avoid demand on account of reversal of CENVAT credit, interest & penalty thereon.
 

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