cenvat credit on share basrd on turn over, Service Tax

[sarat sahoo]

Sir,

Cenvat credit can be availed on share of the manufacturing unit in total isd being distributed is based on turn over ratio.

Posts / Replies

[Ganeshan Kalyani]

Sir, I guess you are talking about ISD mechanism. The commonly availed input service at Head Office /Regional Office/ Depot etc on behalf of the manufacturing unit or for the purpose of manufacturing activity can be distributed to those manufacturing units based on their turnover ratio. Thanks.