https://www.taxtmi.com/forum/issue?id=804 A dispute exists whether trading turnover and interest on advances constitute exempted services for apportioning Cenvat credit. One position treats trading and interest receipts as part of exempted-service turnover affecting the allocation formula and preserves 100% credit for specified commonly used input services; an alternative position excludes sale/trading proceeds and interest from the exempted-service base, limiting credit availability to the extent rules permit. en-us Tue, 03 Jun 2008 14:24:03 +0530 Thu, 23 Jan 2025 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=804 A dispute exists whether trading turnover and interest on advances constitute exempted services for apportioning Cenvat credit. One position treats trading and interest receipts as part of exempted-service turnover affecting the allocation formula and preserves 100% credit for specified commonly used input services; an alternative position excludes sale/trading proceeds and interest from the exempted-service base, limiting credit availability to the extent rules permit. Discussion-Forum Service Tax Tue, 03 Jun 2008 14:24:03 +0530 https://www.taxtmi.com/forum/issue?id=804