https://www.taxtmi.com/forum/issue?id=3816 Where an assesse does not maintain separate accounts, Rule 6(3) Cenvat requires apportionment of input service credit by reference to taxable turnover versus total turnover, or payment of the prescribed amount; services enjoying abatement under Notification No.1/2006 ST are to be treated as exempted for the no credit condition so that the abated portion is non creditable, and apportionment must treat the entire value of services covered by the notification as exempted rather than only the abated percentage, with departmental guidance indicating the prescribed payment is a percentage of the exempted value. en-us Tue, 14 Feb 2012 16:08:29 +0530 Thu, 23 Jan 2025 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3816 Where an assesse does not maintain separate accounts, Rule 6(3) Cenvat requires apportionment of input service credit by reference to taxable turnover versus total turnover, or payment of the prescribed amount; services enjoying abatement under Notification No.1/2006 ST are to be treated as exempted for the no credit condition so that the abated portion is non creditable, and apportionment must treat the entire value of services covered by the notification as exempted rather than only the abated percentage, with departmental guidance indicating the prescribed payment is a percentage of the exempted value. Discussion-Forum Service Tax Tue, 14 Feb 2012 16:08:29 +0530 https://www.taxtmi.com/forum/issue?id=3816