Wednesday 13 August 2014

Wrongly distributed credit to be recovered from person who utilised it and not from ‘Input Service D

Cenvat Credit : Demand for recovery of wrongly distributed Cenvat credit cannot be raised against Input Service Distributor under Rule 14; if Cenvat credit is wrongly availed and utilised, same should be recovered from manufacturer or provider of output services to whom such credit is distributed


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