https://www.taxtmi.com/forum/issue?id=4876 CENVAT credit must be reversed when goods cleared "as such" constitute trading activity treated as exempt service; occasional removals for manufacture need not be treated as trading and reversal equivalent to availment may suffice. If trading predominates, full reversal rules apply. For common input services attributable to both taxable manufacture and non taxable trading, proportionate reversal is required; where trading value cannot be computed, a notional profit of ten percent over sale value may be used and the reversal percentage computed as Trading service value divided by total sales multiplied by 100. en-us Wed, 31 Oct 2012 09:08:32 +0530 Thu, 23 Jan 2025 15:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4876 CENVAT credit must be reversed when goods cleared "as such" constitute trading activity treated as exempt service; occasional removals for manufacture need not be treated as trading and reversal equivalent to availment may suffice. If trading predominates, full reversal rules apply. For common input services attributable to both taxable manufacture and non taxable trading, proportionate reversal is required; where trading value cannot be computed, a notional profit of ten percent over sale value may be used and the reversal percentage computed as Trading service value divided by total sales multiplied by 100. Discussion-Forum Service Tax Wed, 31 Oct 2012 09:08:32 +0530 https://www.taxtmi.com/forum/issue?id=4876