Reversal of credit

This query is : Resolved

Raghav Bharadwaj (Querist)
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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..

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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15 November 2012 Not required. See Rule 6(6A) of cenvat credit rules.

Raghav Bharadwaj

Raghav Bharadwaj (Querist)
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15 November 2012 Thank you So much..

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Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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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...