availment of cenvat credit
This query is : Resolved
16 March 2008
a company is providing taxable service as well as product sale.please tell me whether company can take 100% cenvat credit of service tax paid on common input service like bank charges,security service,professional charges ,telephone bill or can take only 20% cenvat credit. The company is not maintaining separate books of accounts.
16 March 2008
only 20 % credit is allowed. but on security services 100% credit is allowed under rule 6(5) of cenvat credit.
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