16 December 2008
Is the cenvat credit on input services is allowed if the service provider is also a trader doing the business from single premises or it is restricted to the extent of taxable services provided?
16 December 2008
Input credit can be availed ONLY on the services which are used for rendering output services. Since treading is not a taxable service you cannot avail input credit. It is advaisable not to avail the common input services also which are used for rendering both taxable and trading
CAclubindia
