20 October 2009
A service provider's activities are providing taxable & export services as well as trading goods.
My query is
i) Can he take full Cenvat credit on the 16 specified services under Rule 6(5)
ii) As he is not maintaining seperate books of account for trading activities, is he required to reverse proportionate cenvat credit relating to trading activities.
iii) What is the best possible way for him if both above options are not correct.
21 October 2009
yes, he can take full Cenvat Credit on Services under Rule 6(5) if he is not maintaining seperate books of accounts for taxable and non taxable services
CAclubindia
