Cenvat credit on common input services

[Asked by Guest]

Respected Sir, We are providing Air Travel Agent, Rent a Cab, & Tour operator Services. We are claiming abatement on Tour operator and Rent a Cab services. We are using common input services for providing all the three output services. Now my question is how much cenvat credit we can avail on common input services used for providing output services? Thanks

AI Summary

Cenvat credit on common input services: choose between credit with prescribed compliance or reversal when availing abatement.
Entitlement to cenvat credit on common input services hinges on the chosen compliance route: either pay on the abated value and claim full credit, or apply the prescribed credit reversal formula to reverse credit attributable to abated services and retain the balance; certain specified common services may attract full credit, while a proviso in the notifications bars simultaneous abatement and cenvat credit for composite tour operator services.