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(Querist)
14 June 2009 Please clarify the following queries :
a. Cenvat Credit pro-rata
b. SuspenseAccount
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Madhukar N Hiregange

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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.
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Biswas Ardhendu Sekhar

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Biswas Ardhendu Sekhar (Querist)
14 June 2009 Thanks
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