service tax
This query is : Resolved
22 July 2010
What will happen with the cenvat credit if the Company is doing both the trading of goods & the service providing activity & receiving the bills for say auditors fees, Rent etc. Will the Amount of bill be apportioned & hence the cenvat credit will also be distributed & can be availed only against the service providing activity. if yes in which proportion
16 August 2010
Yes amount will be apportioned.
Trading Activity falls neither in purview of output service nor is it a manufacture of goods.It is also not an exempt service.
However there is not explicit rules regarding this , following case law put light on this issue and can be used as rule
M/s ORION APPLIANCES LTD
Vs
CST, AHMEDABAD
Trading Activity falls neither in purview of output service nor is it a manufacture of goods.It is also not an exempt service.
However there is not explicit rules regarding this , following case law put light on this issue and can be used as rule
M/s ORION APPLIANCES LTD
Vs
CST, AHMEDABAD
17 August 2010
THANKS ABHINAV REALLY. I KNEW ABT THE RULE 6(3) BUT IN THAT IT WAS NOT WRITTEN ABT TRADING ACTIVITY. THANKS 4 GIVING A CASE LAW. THIS WILL SERVE MY PURPOSE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
