https://www.taxtmi.com/forum/issue?id=115438 Cenvat credit on input services must be reversed proportionately for exempt supplies where separate books are not kept. Local sales subject to sales tax/VAT are not treated as exempt services, so they do not automatically trigger reversal. A flat rate option under the credit rules should be avoided if it yields a reversal greater than available credit. The 10% trading concession is not generally applicable where the cited authority does not match the taxpayer's facts. en-us Thu, 19 Sep 2019 18:29:37 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115438 Cenvat credit on input services must be reversed proportionately for exempt supplies where separate books are not kept. Local sales subject to sales tax/VAT are not treated as exempt services, so they do not automatically trigger reversal. A flat rate option under the credit rules should be avoided if it yields a reversal greater than available credit. The 10% trading concession is not generally applicable where the cited authority does not match the taxpayer's facts. Discussion-Forum Central Excise Thu, 19 Sep 2019 18:29:37 +0530 https://www.taxtmi.com/forum/issue?id=115438