Reversal of Cenvat Credit under Rule 6

[rajesh somani]

Hi,

There is a company who is involved in trading of goods along with providing taxable services. Can rule 6 of  Cenvat Credit Rule, 2004 be made applicable to the company??

Thanks,

AI Summary

Rule 6 of Cenvat Credit Rules, 2004 applies if common input services are used for taxable and exempted services. A company engaged in both trading goods and providing taxable services inquired whether Rule 6 of the Cenvat Credit Rules, 2004 applies to them. The response clarified that if the company uses common input services for both taxable and exempted services, then Rule 6 of the Cenvat Credit Rules, 2004 is applicable.