197 Transitional provisions for availing Cenvat credit in certain cases – Revised Model GST Law ( Nov 2016)

By | March 14, 2017
(Last Updated On: March 14, 2017)

Revised Model GST Law ( Nov 2016)

Section 197 Revised Model GST Law ( Nov 2016)

  1. Transitional provisions for availing Cenvat credit in certain cases 

Where any Cenvat credit availed for the input services provided under the earlier law has been reversed due to non-payment of the consideration within a period of three months, such credit can be reclaimed provided that the axable person has made the payment of the consideration for that supply of services within a period of three months from the appointed day. 

(CGST Act)

 

 

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