Mr.Z is providing taxable as well as exempted services. The value of taxable
services is Rs.10 lakhs while that of exempted services is Rs.20 lakhs. All the
inputs/input services used by him are commonly used in providing taxable as
well as exempted services. The total input credit is Rs.2 lakhs. Find the amount
payable by Mr.Z.
Ms. Monika,
Pl see the Cenvat Credit Rule 6(3), it provides three options for those providing taxable services as well as exempted services.
Hope this will serve your purpose.
Thanks,
S. Banerjee
Dear Sir,
The reply quoted by Monika is correct.
Regards
Vipin Gupta
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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