Method of CENVAT

This query is : Resolved

Arul Kumar (Querist)
Follow

04 August 2010 Dear Experts,

Pls provide me with insight on method of avaling cenvat credit under:

1) Maintain Separate Accounts and

2) Not to maintain Separate Accounts.

Thanking you,

Arul K

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

04 August 2010 Whether you are asking for separate accounts of Taxable service and exempted services?

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

04 August 2010 IF you are providing taxable as well as exempted services both together and input service is used for both. Then it is better to maintain separate account for exempted services.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Arul Kumar

Arul Kumar (Querist)
Follow

05 August 2010 Dear Mr. Krishnan,

I would like to know rules relating both the cases.

Thank you.

Regards.