Rule-6 of CENVAT credit rule

This query is : Open

V.Marimuthu (Querist)
Follow

12 May 2016 we are manufacturing the dutiable goods and non dutiable goods (exempt) but we are not maintain separate books of accounts. we are not availing credit of exempted goods only avail dutiable goods credit but input credit of ISD and specific plant service tax is availed. how to reverse the availed Service tax credit and provide the procedure for such reversal.

Message likes : 1 times

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

14 May 2016 You need to reversed the cenvat credit of input services on proportionate way in respect of manufacturing goods as well as exempted goods.

V.Marimuthu

V.Marimuthu (Expert)
Follow

14 May 2016 if we have planing to avail the

V.Marimuthu

V.Marimuthu (Expert)
Follow

14 May 2016 we have planning to avail Cenvat on non dutiable goods because of having some common inputs also is there, hence whatever inputs have to be avail and

V.Marimuthu

V.Marimuthu (Expert)
Follow

14 May 2016 we have planning to avail Cenvat on non dutiable goods because of having some common inputs also is there, hence whatever inputs have to be avail and

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

14 May 2016 You can avail the cenvat credit on common input services on proportionate way consult with any professional.

V.Marimuthu

V.Marimuthu (Expert)
Follow

14 May 2016 we have planning to avail Cenvat on non dutiable goods because of having some common inputs also is there, hence whatever inputs credit available take it as a input credit (dutiable and non dutiable goods) and after revers the availed input credit as per Rule-6. is it correct?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok