https://www.taxtmi.com/forum/issue?id=616 Entitlement to Cenvat credit on common input services used for both trading and commission-based taxable services must be determined under Rule 6 options: maintain separate accounts and claim credit for the taxable portion only; take full credit but follow utilization restrictions against output service tax; or perform proportionate reversal/adjustment based on turnover proportions subject to specified conditions. The proportionate apportionment between trading and commission income is a viable method, while certain annual adjustment procedures may be limited to specific categories. en-us Wed, 26 Dec 2007 08:50:50 +0530 Thu, 23 Jan 2025 15:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=616 Entitlement to Cenvat credit on common input services used for both trading and commission-based taxable services must be determined under Rule 6 options: maintain separate accounts and claim credit for the taxable portion only; take full credit but follow utilization restrictions against output service tax; or perform proportionate reversal/adjustment based on turnover proportions subject to specified conditions. The proportionate apportionment between trading and commission income is a viable method, while certain annual adjustment procedures may be limited to specific categories. Discussion-Forum Service Tax Wed, 26 Dec 2007 08:50:50 +0530 https://www.taxtmi.com/forum/issue?id=616