https://www.taxtmi.com/forum/issue?id=102 Full credit of service tax on specified input services under sub rule (5) of the Cenvat Credit Rules is available even when those services are used for both taxable and exempt services without the need for separate records; credits on non specified input services may be taken but their utilisation against output service tax is subject to a utilization cap, with unutilised credit carried forward. en-us Sat, 04 Mar 2006 17:55:01 +0530 Thu, 23 Jan 2025 15:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=102 Full credit of service tax on specified input services under sub rule (5) of the Cenvat Credit Rules is available even when those services are used for both taxable and exempt services without the need for separate records; credits on non specified input services may be taken but their utilisation against output service tax is subject to a utilization cap, with unutilised credit carried forward. Discussion-Forum Service Tax Sat, 04 Mar 2006 17:55:01 +0530 https://www.taxtmi.com/forum/issue?id=102