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availing of CENVAT CREDIT.

This query is : Resolved 
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(Querist)
23 August 2008 Dear Sir/ madam,
Would u please tell me..

Our client has Maruthi Authorised service station.Whether he has to utilise 100 % cenvat credit on service tax payble or 20 % cenvat credit on ST payable ?

Are there any notification or case studies in this regard ?
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Srinath

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Srinath (Expert)
24 August 2008 All inputs and input services can be claimed as CENVAT. The restriction is when an assessee is providing taxable and non-taxable service. In that case 8% of the value of non taxable service has to be reversed. The 80:20 rule is not in existant wef 1.4.2008. Therefore prima facie on facts above, there is no CENVAT restriction.
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