We are providing both taxable and exempt services. How can we avail Cenvat credit?
If service provider is providing both taxable and exempt service, then it is advisable to avail Cenvat credit only in respect of input services directly attributable to taxable services. If Cenvat credit is availed of common input services, then rigors of proportionate reversal or payment of 6% amount on exempted services, as contained in rule 6 will apply.
Related Questions
- How do the service provider operate within the scheme of service tax credit when he is providing both taxable and non taxable or exempt services?
- Whether the builder will be entitled for CENVAT Credit for inputs, capital goods and input services?
- Whether the buyer of flat / office can avail the amount of ST paid as CENVAT Credit?
