CENVAT Credit - Ensure that Input Service Provider has paid Tax
IN a recent Trade Notice, the Chandigarh Commissioner has advised the trade to to take reasonable steps to ensure that Service Tax has been paid by the input service provider before final manufacturer/service provider utilizes the CENVAT Credit.
How does one do it? Well, the Commissioner does not explain that.
Issuance of Trade Notices is passé, yet some Commissioners sitting pretty in the cooler climes of the country attempt to issue the same with a view to set things right in the field and trade formations, all in the name of clarifying the law.
An analytical article on the issue appears in our ST se GST column today.
Chandigarh-I Commissioner's Trade Notice No. Dated: July 13, 2012