If trader who is also provides services ,can he claim cenvat that is input service tax on invoices eg telephone which is used for both that is trading business as well as consultancy bus.?pls reply its urgent
aasita (ACA) (387 Points)
15 December 2009If trader who is also provides services ,can he claim cenvat that is input service tax on invoices eg telephone which is used for both that is trading business as well as consultancy bus.?pls reply its urgent
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 16 December 2009
Rule 6 (3) doe snot bar the services used commonly along with trading. However the input services used exclusively for trading would not be admissible. As far as the common services, it maybe advisable ( not mandatory) to apportion the same and reverse that component if disputes are to be avoided.
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