cenvat credit on commonly used input & input service
This query is : Resolved
05 August 2010
when input & input sevice is commonly used for exempted produt & non exempt product, then in which praportion we should reverse the credit, when breakup of input & input service used for exempted & non exempted product is not available. How it is done practically.
05 August 2010
in that case
5% of value of exempted goods and 6% of value of exempted servies is paid as amount
5% of value of exempted goods and 6% of value of exempted servies is paid as amount
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