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TMI BlogCenvat Credit on service TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... we are a manufacturer of Rubber products and also Equipment spares due to excemption we are not registered in Central excise dept. but we are purchasing dutiable material for input purposes. We are a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service provider and paying service tax. My query is : Can we eligible to claim cenvat credit for adjust of Service Tax and we have import duty also. - Reply By CA Rachit Agarwal - The Reply = Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r claiming the Cenvat Credit, you have to maintain separate accounts for receipt, consumption of the inventory used for exempted goods and dutiable services (Output Service). If not then he can foll ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ow any of the 2 options 1. Pay Excise Duty on entire exempted goods @ 5%. 2. Pay an equivalent amount of Cenvat Credit attributable to the exempted goods. Refer Rule 6, of the Cenvat Credit Rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, 2004 - Reply By Brijesh Verma - The Reply = since you are providing taxable services and also manufacturing exempt goods, so you will fall under Rule 6(3) of the CCR'04. - Cenvat Credit on ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vice Tax - Query Started By: - Dhanasekar Amaresan Dated:- 4-12-2010 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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