https://www.taxtmi.com/forum/issue?id=920 Cenvat credit for input services used where both taxable and exempt output services exist must follow Rule 6 apportionment options; taxpayers must either maintain separate records of utilisation or apply the common apportionment mechanism. The departmental stance is that unutilised credit at the transitional date will lapse under apportionment rules, a disputed point. Renting of vacant land, being a non-taxable form of renting of property, is treated as an exempted service under the rules. en-us Sun, 05 Oct 2008 12:37:54 +0530 Thu, 23 Jan 2025 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=920 Cenvat credit for input services used where both taxable and exempt output services exist must follow Rule 6 apportionment options; taxpayers must either maintain separate records of utilisation or apply the common apportionment mechanism. The departmental stance is that unutilised credit at the transitional date will lapse under apportionment rules, a disputed point. Renting of vacant land, being a non-taxable form of renting of property, is treated as an exempted service under the rules. Discussion-Forum Service Tax Sun, 05 Oct 2008 12:37:54 +0530 https://www.taxtmi.com/forum/issue?id=920