TaxTMI 
TaxTMI 
Proportionate credit
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....roportionate credit<br> Query (Issue) Started By: - sushil kumar khetan Dated:- 12-9-2008 Last Reply Date:- 18-9-2008 Service Tax<br>Got 1 Reply<br>Service Tax<br>We are manufacturing excisable goods ....
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....as well as exempted goods i.e. writing & printing paper and Newsprint respectively .For the purpose of CENVAT credit we have adopted the method of maintaning seperate inventory records for inputs and ....
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....service which are used for both dutiable and exempted products.We need your guidance for the following Though we maintain seperate inventory records for input material as it is convenient and easy , C....
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....an we follow Rule 6 provision of propotionate credit for common services which will differ with input material.Please guide Reply By Surender Gupta: The Reply: I think the combination of the two may....
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.... be allowed. You may keep separate records for inputs (inventory) and avail cenvat credit on inputs used in dutiable goods. However, since the nature of Input services, may not allow you to keep separ....
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....ate records, you may apply the formula given in Rule 6(3A) to proportionate the Input service tax credit and avail the credit accordingly.<br> Discussion Forum - Knowledge Sharing ....