https://www.taxtmi.com/article/detailed?id=1444 The Cenvat Credit Rules permit taking specified excise, customs and service tax credits into a common pool and allow utilization of those credits for payment of excise duty on final products and for payment of service tax on output services. The rules contain no express requirement that an assessee who is both manufacturer and provider of taxable services maintain separate Cenvat credit accounts, and tribunal authorities have upheld utilization of the common Cenvat pool to discharge both excise and service tax liabilities. Separate accounting provisions address credit apportionment for dutiable versus exempted outputs, not a general prohibition on a common pool. en-us Wed, 28 Sep 2011 17:42:34 +0530 Wed, 22 May 2013 11:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1444 The Cenvat Credit Rules permit taking specified excise, customs and service tax credits into a common pool and allow utilization of those credits for payment of excise duty on final products and for payment of service tax on output services. The rules contain no express requirement that an assessee who is both manufacturer and provider of taxable services maintain separate Cenvat credit accounts, and tribunal authorities have upheld utilization of the common Cenvat pool to discharge both excise and service tax liabilities. Separate accounting provisions address credit apportionment for dutiable versus exempted outputs, not a general prohibition on a common pool. Articles Cenvat Credit Wed, 28 Sep 2011 17:42:34 +0530 https://www.taxtmi.com/article/detailed?id=1444