https://www.taxtmi.com/article/detailed?id=6416 Exempted services are services fully exempt from service tax or outside the service tax net; partial exemptions and self use do not qualify. Trading activity was included as an exempted service from 1.4.2011. Cenvat credit is disallowed insofar as input services are used for exempted activities, and where inputs are common, credit must be denied only in proportion to their use for exempted activities, applying a pro rata or other just and equitable allocation. en-us Tue, 01 Sep 2015 07:31:45 +0530 Tue, 01 Sep 2015 07:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6416 Exempted services are services fully exempt from service tax or outside the service tax net; partial exemptions and self use do not qualify. Trading activity was included as an exempted service from 1.4.2011. Cenvat credit is disallowed insofar as input services are used for exempted activities, and where inputs are common, credit must be denied only in proportion to their use for exempted activities, applying a pro rata or other just and equitable allocation. Articles Service Tax Tue, 01 Sep 2015 07:31:45 +0530 https://www.taxtmi.com/article/detailed?id=6416