A Company is engaged in the activities of trading , rendering of export of services and taxable services . Whether it needs to reverse CENVAT Credit which is proportionate to trading activities? If so please indicate how much extent it should be reversed? Please give some examples.
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Reversal of cenvat credit
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In this regard make the accounting treatment i.e. taxable service, export services & trading activities and same Cenvat credit taken in this regard then taken Cenvat credit to be reversed regarding trading activities with interest.
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