Procedure for CENVAT Rules

Vishwa (CA Job) (87 Points)

10 May 2007  
Hi everybody

Our company providing the recruitment services.Since incorporation ie from 2003 we are paying service tax on time ie 05th of the month . we were not taking any setoff on the input services till now.

Now from Oct 2006 onwards we are deciding to apply CENVAT credit rules.

So please tell me the procedure for applying the CENVAT Credit and how to take set off
and also tell me whether  the service tax paid on the expenses ie Mobile bill and telephone bills and intenet subscribtions etc will be allowed to take set off. We have registered for " Online Data and Information " category.

Whether any seperate records to be maintain or books.