Cenvat credit
This query is : Resolved
20 April 2010
Dear sir
Plz help me. My company business is Providing services as well as trading. I can use telphone for both Providing Services & Trading purpose. Now My qureries are:-
1) Can I claim cenvat credit on Telphone Bill full or Proporationate
2) If I claim then what will be ratio to claim cenvat credit?
Plz help me. My company business is Providing services as well as trading. I can use telphone for both Providing Services & Trading purpose. Now My qureries are:-
1) Can I claim cenvat credit on Telphone Bill full or Proporationate
2) If I claim then what will be ratio to claim cenvat credit?
24 April 2010
1. you can claim;
2. it is better if you proporationate on the % of turnover (Sales & Services)
2. it is better if you proporationate on the % of turnover (Sales & Services)
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