Beware Manufacturers – take the credit of service tax on input services used commonly in exempted goods and excisable goods carefully?

Beware Manufacturers – take the credit of service tax on input services used commonly in exempted goods and excisable goods carefully? https://www.taxtmi.com/news?id=168 Manufacturers claiming cenvat credit on input services used commonly for exempted and dutiable goods must comply with the apportionment and recordkeeping obligations; absent separate records an adjustment is required to account for credit attributable to exempted goods, while certain listed services remain fully allowable even when used for both exempted and dutiable outputs. en-us Sun, 21 Oct 2007 13:25:00 +0530 Fri, 22 Aug 2025 17:41:00 +0530 TaxTMI RSS Generator Beware Manufacturers – take the credit of service tax on input services used commonly in exempted goods and excisable goods carefully? https://www.taxtmi.com/news?id=168 Manufacturers claiming cenvat credit on input services used commonly for exempted and dutiable goods must comply with the apportionment and recordkeeping obligations; absent separate records an adjustment is required to account for credit attributable to exempted goods, while certain listed services remain fully allowable even when used for both exempted and dutiable outputs. News - Sun, 21 Oct 2007 13:25:00 +0530 https://www.taxtmi.com/news?id=168