Cenvat Credit 100% - 20% credit on common costs

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..... Cenvat Credit 100% - 20% credit on common costs
Query (Issue) Started By: - Manoj Aggarwal Dated:- 29-3-2007 Last Reply Date:- 30-3-2007 Service Tax
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Service Tax
Cenvat Credit .....

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..... : If we keep separate accounts, we can talk 100% cenvat credit. But in such cases of separate accounts, can we also take 20% credit on common costs such as on Audit Fees ? Reply By Surender Gupta: Th .....

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..... e Reply: No. You can not avail the two facilities together under rule 6(2) and 6(3).
Discussion Forum - Knowledge Sharing .....

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