Selling time slot for advertisement on internet

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..... Selling time slot for advertisement on internet
Query (Issue) Started By: - satbir singh wahi Dated:- 9-5-2014 Last Reply Date:- 12-5-2014 Service Tax
Got 2 Replies
Service Tax
Selling ti .....

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..... me slot for advertisement on internet, if cenvat taken fully for other taxable service . Then 6 percent has to be paid for Selling time slot for advertisement on internet. Is this correct treatment. .....

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..... Reply By Ashish Chaudhary: The Reply: This is one of the option. Alternatively, you can maintain separate books of account showing the value of taxable as well non taxable service and can reverse the .....

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..... credit attributable to non taxable services. Another option is to reverse as per Formula provided under Rule 6(3A) of CCR by complying with the prescribed procedure. Reply By Madhukar N Hiregange: .....

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..... The Reply: Since the credits may not be very high the 6 percent reversal option may not be economically viable/. The proportionate reversal method under 6(3) is preferable if possible.
Discussion .....

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..... Forum - Knowledge Sharing .....

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