Praportion of cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2012
Dear Sir,
We are Service provider and we have these component in our business:
Taxable service + Non Taxable service (Exempted: export of service) + trading of goods
How can we utilise cenvat credit ?
Can we take full credit of input tax...
Please advice...
Thanks,
We are Service provider and we have these component in our business:
Taxable service + Non Taxable service (Exempted: export of service) + trading of goods
How can we utilise cenvat credit ?
Can we take full credit of input tax...
Please advice...
Thanks,
06 June 2012
No as per the revised provision one cannot take full credit . Ratio has to derived by considering taxable services +services exported divided bt total of above+margin of traded goods or 10% of cogs of traded goods whichever is higher x cenvat availed.
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