https://www.taxtmi.com/forum/issue?id=111115 Under CENVAT rules, input service credit is taken on receipt of invoice subject to invoice-payment and time-to-take conditions; credit is not admissible for exempted goods or services, and Rule 6 governs the computation and apportionment of credit for exempt supplies. A manufacturer may either take full credit and follow prescribed reversal mechanics or maintain separate accounts to identify inputs used exclusively for dutiable goods and thereby justify utilization without reversal. en-us Sat, 12 Nov 2016 12:56:36 +0530 Thu, 23 Jan 2025 15:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111115 Under CENVAT rules, input service credit is taken on receipt of invoice subject to invoice-payment and time-to-take conditions; credit is not admissible for exempted goods or services, and Rule 6 governs the computation and apportionment of credit for exempt supplies. A manufacturer may either take full credit and follow prescribed reversal mechanics or maintain separate accounts to identify inputs used exclusively for dutiable goods and thereby justify utilization without reversal. Discussion-Forum Service Tax Sat, 12 Nov 2016 12:56:36 +0530 https://www.taxtmi.com/forum/issue?id=111115