Cenvat credit
This query is : Resolved
02 January 2016
If any company is in the business of trading and also providing services, can it takes credit of cenvat in respect of paying service tax on rent paid by it.
02 January 2016
If the premises is used for providing taxable service then proportionate cenvat credit can be taken.
03 January 2016
Is distribution of credit can be on basis of area engaged in trading activity and service activities
Or
It can be on basis of turnover of trading activities and taxable services
03 January 2016
Distribution of credit can be on the basis of area engaged in trading activities and service activities.
03 January 2016
Please indicate the respective Section or Rule No., where i can find the full details.
03 January 2016
Maintain separate books of accounts for trading and services, allocating rent on the basis of space occupied. Refer Rule 6(2) of cenvat credit Rules.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- Filling ITR - U
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
