centvat credit eligible on input service

This query is : Resolved 

11 September 2008 Dear experts,
We have running the business activity in Trading and also provide the Interiors & Decorators Service. Further, we have received the various input services like clearing & forwarding agent, transporter by road, telephone, courier, chartered accountant, insurance, banking etc. and paid the service tax thereon. Please give me advise, How can take the cenvat credit on input service, in that case books of accounts are not separate maintain for Taxable Service or Non Taxbale Service (i.e. Trading Activity). Whether credit is eligible in that case 20% or 100%

11 September 2008 If u know the turnover of both trading and taxable then u may opt for reversal of proportionate credit u/r 6 as per given formula.



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