Praportion of cenvat credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2012 Dear Sir,

We are Service provider and we have these component in our business:

Taxable service + Non Taxable service (Exempted: export of service) + trading of goods

How can we utilise cenvat credit ?
Can we take full credit of input tax...

Please advice...

Thanks,

Dayal

Dayal (Expert)
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06 June 2012 No as per the revised provision one cannot take full credit . Ratio has to derived by considering taxable services +services exported divided bt total of above+margin of traded goods or 10% of cogs of traded goods whichever is higher x cenvat availed.