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This query is : Resolved
Biswas Ardhendu Sekhar
(Querist)
14 June 2009
Please clarify the following queries :
a. Cenvat Credit pro-rata
b. SuspenseAccount
a. Cenvat Credit pro-rata
b. SuspenseAccount
Madhukar N Hiregange
(Expert)
14 June 2009
The pro rata credit is contained in Rule 5 of the CCR. Rule not clear but principles are as under:
1. Input used in providing non taxable / exempt services are not eligible.
2. Specific input services used for non taxable / ex services exclusiovely not eligible.
3. Similarly used ofr taxable exclusively allowed fully.
4. IS used commonly - specified 16 ( Rule 6 (5) available 100%.
5. Other input services available proportionate basis.
I do not understand your question wrt suspense account.
1. Input used in providing non taxable / exempt services are not eligible.
2. Specific input services used for non taxable / ex services exclusiovely not eligible.
3. Similarly used ofr taxable exclusively allowed fully.
4. IS used commonly - specified 16 ( Rule 6 (5) available 100%.
5. Other input services available proportionate basis.
I do not understand your question wrt suspense account.
Biswas Ardhendu Sekhar
(Querist)
14 June 2009
Thanks
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