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Can Input Service Distributor (“isd”) Distribute The Cenvat Credit Of Kkc As Per Rule 7 Of The Credit Rules? |
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Answer» YES, CENVAT credit of KKC may also allowed to be distributed to Units providing taxable output SERVICES as per RULE 7 of the Credit Rules, but an appropriate amendment is REQUIRED in this regard in Rule 7 of the Credit Rules. Yes, Cenvat credit of KKC may also allowed to be distributed to Units providing taxable output services as per Rule 7 of the Credit Rules, but an appropriate amendment is required in this regard in Rule 7 of the Credit Rules. |
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