https://www.taxtmi.com/forum/issue?id=106828 Cenvat credit on services is determined by the recipient activity: input credit is eligible for services used exclusively for earning taxable brokerage, not available for services exclusively used for exempt trading, and where services are common to both taxable brokerage and exempt trading a proportionate apportionment of credit is permissible under the Cenvat rules. en-us Fri, 23 May 2014 16:28:59 +0530 Thu, 23 Jan 2025 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106828 Cenvat credit on services is determined by the recipient activity: input credit is eligible for services used exclusively for earning taxable brokerage, not available for services exclusively used for exempt trading, and where services are common to both taxable brokerage and exempt trading a proportionate apportionment of credit is permissible under the Cenvat rules. Discussion-Forum Service Tax Fri, 23 May 2014 16:28:59 +0530 https://www.taxtmi.com/forum/issue?id=106828