Dear friends,
Whether "one to one correlation" is required for taking cenvat credit of inputs & capital goods against service tax liability.
Example :- If we are providing 2 services, can we take cenvat credit on inputs used for providing one service against the service tax liability of other service.
Regards,
Mukesh Haseja
As long as the input / input services or capital goods is in the eligible credit no need to maintain the nexus of one to one input and out putservices. However it is advisable to keep the record in such a manner so that the consumpiton of services or input can be extracted when ever required.
Varma Raja & Associates
Thrissur
CA Inter
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