CENVAT Credit on common input services

Currently, there are three pools of Input Service Credit available to the Company: 

a. Input services which are directly related to provision of exempt service
b. Input service exclusively related to taxable service 
c. Input service common for taxable/exempted service 

The Company is availing CENVAT Credit only on those input services which have been exclusively used in the provision of taxable service. No CENVAT Credit is being availed on input services which are directly related to provision of exempted services. Further, the Company is also not availing CENVAT credit on common input services which are used for provision of both taxable and exempted service. 
Query:
(i)	Whether, in the determination of the attributable CENVAT credit for exempted services and taxable services under Rule 6(3A) of CCR, the value would include only the value of common inputs and common services used in the rendering of exempted services or the value of goods and services that were exclusively used in the provision of taxable services is also to be taken into account? 

(ii)	If the answer to Sr. No (i) above is in negative, then whether the Company is eligible to avail CENVAT Credit on common input services as per the methodology provided in Rule 6(3) in addition to the CENVAT Credit on input services used exclusively for provision of taxable service?
Asked 2 years ago in Service Tax from Delhi, Delhi
Your second question itself is answer to your first question.
Swapnil Patil
CA, Navi Mumbai
29 Answers
4.3 on 5.0
  Talk to Swapnil Patil

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other questions asked by this user

Other Questions

Chartered Accountants

Lakshita Bhandari
CA, Mumbai
580 Answers
5.0 on 5.0
Abhishek Dugar
CA, Mumbai
2079 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1832 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
656 Answers
5.0 on 5.0
Lalit Bansal
CA, Delhi
417 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
405 Answers
4.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
598 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
363 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
404 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
226 Answers
5.0 on 5.0