Can anybody tell me that I've accumulated CENVAT Credit of Service Tax i.e. Rs. 400/-. I'm the service provider of Taxable & Non-Taxable Services and can not maintain separate records & I will reverse the credit as per ratio of Taxable & Non-Taxable services provided by me. When I will reverse the credit which A/c. I've to be debited.
a) Is it Service Tax Paid A/c. OR
b) Increase the corresponding Expenses A/c. against which I've to received the Service Tax Credit.
Please give me suitable advise.
Bivas Nag B.Com, MBA (Finance) Mobile: 91430-98082
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