Cenvat credit
This query is : Resolved
Nilesh Vengurlekar
(Querist)
21 June 2012
If cenvat credit on general purpose expenses like Audit, prof fees. Etc. for the services availaed in past years when entity was not providing any tax free service sand as such no bifurction is nesccary.
in current year entity provides Taxable as well as non-taxable services.
and accrodingly only calim Credit for specific corelated services for out put services.
is the above cerdit also needed to split into directly related input and otherwise or can able to take full credit as it a credit lawfully earned and entity was not having any Exempt services in year in which it has earned this credit.??
Kindly refer to sections which can specifically deal with this..
in current year entity provides Taxable as well as non-taxable services.
and accrodingly only calim Credit for specific corelated services for out put services.
is the above cerdit also needed to split into directly related input and otherwise or can able to take full credit as it a credit lawfully earned and entity was not having any Exempt services in year in which it has earned this credit.??
Kindly refer to sections which can specifically deal with this..
22 June 2012
you need to evaluate and your input services needs to be justified as related to the services provided by you.
Refer the first part and second part of the cenvat credit and check where your services fall for eligibility
Refer the first part and second part of the cenvat credit and check where your services fall for eligibility
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Under marginal scheme
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Oct 2025 Invoices
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
