08 June 2012
Whether CENVAT credit to be reversed duly availed on the rent paid for the premises from where taxable services are provided as well as goods are sold?
09 June 2012
When taxable services are provided from the premises then there is no necessity of reversing Cenvat Credit of rent paid though the said premises is used for exempted services. However, one is eligible for Cenvat Credit Credit as per the formula given in Rule 6(6) of the Cenvat Credit Rules.
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