2018 (4) TMI 1463

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..... per the provisions of rule 6(3A), an assessee is required to reverse the CENVAT credit attributable to the exempted service, proportionate as per the formula laid down. If that formula is applied, appellant is required to reverse only that amount of CENVAT credit on the common input services which can be attributed to the trading activity. In the case in hand, appellant having reversed the entire .....

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..... edit of the service tax paid on various input services during the period 2010-11 and 2011-12. It transpires from the records that during the period in question the appellants were engaged in rendering taxable service and also were engaged in trading of the goods. During the course of audit, Revenue officers brought to the notice of appellant that trading activity would amount to rendering of exemp .....

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..... ispute as to the fact that the appellant had reversed the entire credit of the common input services availed during the period as recorded by the first appellate authority in the impugned order at paragraph 31. If that be so, the reversal of the entire CENVAT credit on the common input service would amount to non-availment of the CENVAT credit itself. 6. Looking at the entire issue from another .....

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