https://www.taxtmi.com/forum/issue?id=112981 The CENVAT Credit Rules require maintaining separate books of account to segregate exempted goods/services from dutiable goods/services; if a taxpayer supplies both and does not maintain separate books, the taxpayer must pay the prescribed percentage under the reverse charge or specified percentage mechanism, which prevents allocation of CENVAT credit and affects tax liability on project supplies. en-us Mon, 30 Oct 2017 15:47:43 +0530 Thu, 23 Jan 2025 15:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112981 The CENVAT Credit Rules require maintaining separate books of account to segregate exempted goods/services from dutiable goods/services; if a taxpayer supplies both and does not maintain separate books, the taxpayer must pay the prescribed percentage under the reverse charge or specified percentage mechanism, which prevents allocation of CENVAT credit and affects tax liability on project supplies. Discussion-Forum Central Excise Mon, 30 Oct 2017 15:47:43 +0530 https://www.taxtmi.com/forum/issue?id=112981