Eye Share : Whether CENVAT Credit Reversals Under Rule 6(3) Applies to Abated Value in a Supply?

Recently, CBIC vide Circular No. 213/3/2019-ST dated July 5, 2019 clarified that reversal of CENVAT credit under Rule 6(3) of erstwhile CENVAT Credit Rules, 2004 (CCR) is not required in respect of catering and restaurant services or any service on which abatement has been prescribed under Notification No. 26/2012-ST dated June 20, 2012.Mr. K Srinivasan (Retired IRS) in this article takes us 10 ye...