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TMI BlogCenvat on ExportX X X X Extracts X X X X X X X X Extracts X X X X ..... A domestic IT Services Company M/s ABC Ltd provides IT support Services both in the Domestic market and Export Services (remotely) to Customers abroad. The quantum of export revenue to total Revenu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is around 40%. ABC Ltd was in the past able to utilize the total CENVAT credit in respect of input services towards payment of service tax on Output services. In view of the recently amende ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Rule 5 of the Cenvat Credit Rule, 2004 and the Notification No 27/2012 Central Excise (NT) dt 18.06.2012, Can ABC Ltd continue to avail CENVAT credit on Service tax paid on Input service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to offset against liability of Service tax on domestic output Services. ? Or will the Company, as per revised Rule-5, be mandatorily required to apply for refund for the pro-rata quantum of CE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NVAT connected with Export turnover ?. - Reply By Pradeep Khatri - The Reply = You may opt either option depending on your utilization of CENVAT credit against the output service or finished good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s liability. - Cenvat on Export - Query Started By: - Sanjeev Sharma Dated:- 5-9-2012 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, pers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onal opinion Tax 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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