https://www.taxtmi.com/article/detailed?id=16992 CENVAT credit is confined to the statutory chain of dutiable manufacture and taxable output services and is not a general business-expense benefit. Own-account investment in securities may not be a service, but common input services used for both taxable operations and investment activity cannot support full credit for the non-taxable portion. Where common office or administrative services have mixed use and separate accounts or evidence of exclusive taxable use are unavailable, proportionate reversal is required. Under GST, transactions in securities are relevant to input tax credit restriction and reversal for common inputs and input services. en-us Tue, 21 Jul 2026 08:32:40 +0530 Tue, 21 Jul 2026 08:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16992 CENVAT credit is confined to the statutory chain of dutiable manufacture and taxable output services and is not a general business-expense benefit. Own-account investment in securities may not be a service, but common input services used for both taxable operations and investment activity cannot support full credit for the non-taxable portion. Where common office or administrative services have mixed use and separate accounts or evidence of exclusive taxable use are unavailable, proportionate reversal is required. Under GST, transactions in securities are relevant to input tax credit restriction and reversal for common inputs and input services. Articles Service Tax Tue, 21 Jul 2026 08:32:40 +0530 https://www.taxtmi.com/article/detailed?id=16992