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Input credit for partial service providing companies

This query is : Resolved 
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(Querist)
19 February 2009 HI ,
we are partial service provider & also trading business. So I want to know wether ther is any notification on the same for Service tax Input. As per my knowledge There is only 20% of Payable amount & Input amount which ever is less is applicable.


If it is correct then at the end of the year the balace amount of Input credit how to account?

Regd,
Anand
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Dayal

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Dayal (Expert)
19 February 2009 This provision clause of 20% stands withdrawn from 01/04/2008 in view of the amended rules, you need to take credit attributable to the taxable services / goods.

a prior intimation to the department that you would be availing this facility of attributable credit needs to be addressed.
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