https://www.taxtmi.com/forum/issue?id=1522 Trading of goods is not a service and turnover from trading is not treated as an exempted service for Cenvat credit. If input services are not among the specified services and separate books are not maintained, the provider must prove direct nexus between input services and taxable output services; otherwise the six percent adjustment applies where relevant. When input services partly support trading activity, the service provider must reverse the credit attributable to trading or adopt an acceptable apportionment formula. en-us Fri, 25 Sep 2009 19:32:08 +0530 Thu, 23 Jan 2025 15:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1522 Trading of goods is not a service and turnover from trading is not treated as an exempted service for Cenvat credit. If input services are not among the specified services and separate books are not maintained, the provider must prove direct nexus between input services and taxable output services; otherwise the six percent adjustment applies where relevant. When input services partly support trading activity, the service provider must reverse the credit attributable to trading or adopt an acceptable apportionment formula. Discussion-Forum Service Tax Fri, 25 Sep 2009 19:32:08 +0530 https://www.taxtmi.com/forum/issue?id=1522