https://www.taxtmi.com/forum/issue?id=2752 Hospitals can take CENVAT credit on excise duty/CVD for capital goods that meet the statutory definition and on input services used for taxable output services. Capital goods credit is often availed in a phased manner (portion in year of receipt and balance subsequently). To claim full credit with mixed taxable and exempt outputs, hospitals must maintain separate records segregating usage or follow the prescribed adjustment mechanism and make specified payments where records are not maintained. en-us Mon, 07 Feb 2011 22:57:05 +0530 Thu, 23 Jan 2025 15:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2752 Hospitals can take CENVAT credit on excise duty/CVD for capital goods that meet the statutory definition and on input services used for taxable output services. Capital goods credit is often availed in a phased manner (portion in year of receipt and balance subsequently). To claim full credit with mixed taxable and exempt outputs, hospitals must maintain separate records segregating usage or follow the prescribed adjustment mechanism and make specified payments where records are not maintained. Discussion-Forum Service Tax Mon, 07 Feb 2011 22:57:05 +0530 https://www.taxtmi.com/forum/issue?id=2752