https://www.taxtmi.com/forum/issue?id=936 Entitlement to cenvat credit for input services used for both taxable broking and exempt trading requires allocation by direct allocation and absorption on a reasonable basis so that credit is claimed proportionately; separate accounts permit coverage under the separate-accounts option, otherwise prescribed pooling/allocation procedures apply. Full credit is available for specified services and capital goods, while inputs and input services used exclusively for exempted activities are not eligible. en-us Wed, 22 Oct 2008 15:22:58 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=936 Entitlement to cenvat credit for input services used for both taxable broking and exempt trading requires allocation by direct allocation and absorption on a reasonable basis so that credit is claimed proportionately; separate accounts permit coverage under the separate-accounts option, otherwise prescribed pooling/allocation procedures apply. Full credit is available for specified services and capital goods, while inputs and input services used exclusively for exempted activities are not eligible. Discussion-Forum Service Tax Wed, 22 Oct 2008 15:22:58 +0530 https://www.taxtmi.com/forum/issue?id=936