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Rule 6 (3a) of cenvat credit rules 2004

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(Querist)
07 May 2014 sir, as per rule 6 (3a) cenvat credit on common services is to be reversed on provisionally basis every month based on last year % age of exemptef services. if iam in the 1st year of my business then every month reversal will be nil.then in this case when should I reverse?
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CA sandesh Dabhade

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CA sandesh Dabhade (Expert)
12 May 2014 Read rule 6(3A)(g)(h)
where the amount equivalent to CENVAT credit attributable to exempted goods or exempted services cannot be determined provisionally, due to reasons that no dutiable goods were manufactured and no output service was provided in the preceding financial year, then the manufacturer of goods or the provider of output service is not required to determine and pay such amount provisionally for each month, but shall determine the CENVAT credit attributable to exempted goods or exempted services for the whole year and pay the amount so calculated on or before 30th June of the succeeding financial year.
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