Input credit if assessee engaged in trading activity
This query is : Resolved
23 August 2011
Our industry is service industry. We are involved in trading activity also. Can i take Input credit of common services on proportionate basis as well as well as full credit of other services which are not used for trading simultaneously. or I have to follow only one of them. Pl guide me
24 August 2011
Trading Activity is an Exempted service, and Rule 6 has define the procedure reg cenvat and maintaining the record.
Plz log on below link.
http://www.cbec.gov.in/excise/cx-act/notfns-2k11/cx-nt2k11/cent03-2k11.pdf
Plz log on below link.
http://www.cbec.gov.in/excise/cx-act/notfns-2k11/cx-nt2k11/cent03-2k11.pdf
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