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Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2014 If a company having two type of business trading as well as commission business. The company pays service tax on commission business. Can company avail benefit of CENVAT CREDIT on all input services as company doesn't maintain separate books of account.

Amit B

Amit B (Expert)
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12 November 2014 Hi,
As trading is mentioned in negative list of service and your also provide as commission business hence Rule 6 of CCR 2004 is applicable.

Reversal under Rule 6 is applicable if you does not maintain separate books of account.
ref Rule 6(3) of CCR

In your ST 3 same also need to be disclosed.