Availing of credit
This query is : Resolved
vinitha vivekanandan
(Querist)
16 June 2012
Hello everybody
We are registered under Central excise as manufaturer and trader in the name of same premises.both the activity is conducted in the same premises. So can we take the service tax credit which we get on the freight bills which we got on trading business.
We are registered under Central excise as manufaturer and trader in the name of same premises.both the activity is conducted in the same premises. So can we take the service tax credit which we get on the freight bills which we got on trading business.
Arun Kumar Singh
(Expert)
16 June 2012
You should maintain the separate account. You can't take cenvat credit on the part of trading activity otherwise excise department can demand to revers that cenvat credit with interest.
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