Mukesh Babu (IPCC Student) (236 Points)
31 May 2014A Company is engaged in the activities of trading , rendering of export of services and taxable services . Whether it needs to reverse CENVAT Credit which is proportionate to trading activities? If so please indicate how much extent it should be reversed? Please give some examples.
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 31 May 2014
In this regard make the accounting treatment i.e. taxable service, export services & trading activities and same Cenvat credit taken in this regard then taken Cenvat credit to be reversed regarding trading activities with interest.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
