ratio of cenvat credit
This query is : Resolved
pratik kothari
(Querist)
18 November 2010
how to calculate ratio for availing cenvat credit in case there are taxable as well as non taxable services.
Aditya Maheshwari
(Expert)
18 November 2010
it is there in the ST - 3 format itself
5A Whether the assessee providing exempted/non taxable service or exempted goods
( 1 ) ( 2 )
( a ) Whether providing any exempted or non-taxable service (Y/N) Y
( b ) Whether manufacturing any exempted goods(Y/N) N
( c ) If anyone of the above is yes, whether maintaining separate account for receipt or consumption of input service and input goods (refer to rule 6 (2)of CENVAT credit Rule 2004
(d) if anyone of the (a) and (b) is 'yes' and (c) is 'no' which option is being availed under rule 6 (3) of cenvat credit rules, 2004
(i) Opted to pay an amount equal to 10% of the value exempted goods and 8% of the value of exempted service (Y/N); or
(ii) Opted to pay an amount equal to CENVAT credit attributable to input and output service used in or in relation to manufacture of exempted goods or provision of exempted service (Y/N)
5A Whether the assessee providing exempted/non taxable service or exempted goods
( 1 ) ( 2 )
( a ) Whether providing any exempted or non-taxable service (Y/N) Y
( b ) Whether manufacturing any exempted goods(Y/N) N
( c ) If anyone of the above is yes, whether maintaining separate account for receipt or consumption of input service and input goods (refer to rule 6 (2)of CENVAT credit Rule 2004
(d) if anyone of the (a) and (b) is 'yes' and (c) is 'no' which option is being availed under rule 6 (3) of cenvat credit rules, 2004
(i) Opted to pay an amount equal to 10% of the value exempted goods and 8% of the value of exempted service (Y/N); or
(ii) Opted to pay an amount equal to CENVAT credit attributable to input and output service used in or in relation to manufacture of exempted goods or provision of exempted service (Y/N)
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