Refund of CENVAT Credit under Rule 5B - Manpower and security excluded
AS per Rule 5B of the CENVAT Credit Rules; Refund of CENVAT credit to service providers providing services taxed on reverse charge basis .- A provider of service providing services notified under sub-section (2) of section 68 of the Finance Act and being unable to utilise the CENVAT credit availed on inputs and input services for payment of service tax on such output services, shall be allowed refund of such unutilised CENVAT credit subject to procedure, safeguards, conditions and limitations, as may be specified by the Board by notification in the Official Gazette .
Government had issued Notification No.12/2014-CE dated 3.3.2014 in this regard, which is now amended. Now supply of manpower for any purpose and security services are excluded from this notification.
Notification No. , Dated May 19 2015