TaxTMI 
TaxTMI 
CENVAT ADJUSTMENT
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....ENVAT ADJUSTMENT<br> Query (Issue) Started By: - S SHANMUGASUNDARAM Dated:- 9-10-2010 Last Reply Date:- 13-10-2010 Service Tax<br>Got 2 Replies<br>Service Tax<br>WE ARE AUTHORISED SERVICE STATION FOR ....
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....COMMERCIAL VEHICLES AND ALSO FOR PASSENGER CARS. WHILE FILING THE ST3 RETURN WE HAVE DECLARED ONLY TURNOVER PERTAINING TO PASSENGER CARS. WHILE AVAILING THE CENVAT CREDIT WE HAVE TAKEN TELEPHONE EXPEN....
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....SES, AUDIT FEES, COMPUTER MAINTANCE & BILL FROM AN AGENCY WHO SUPPLIES MANPOWER FOR OUR COMPANY. DURING THE AUDIT SERVICE TAX AUTHORITIES RAISING THE FOLLOWING POINTS. 1.IN THE ST3 RETURN WE MUST DEC....
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....LARE THE TURNOVER OF COMMERCIAL VEHICLE ALSO. 2.SINCE, WE ARE AVAILED THE CENVAT CREDIT ON EXPENSES WHICH IS COMMON FOR BOTH TAXABLE & NON TAXABLE TURNOVER, WE HAVE TO PAY THE SERVICE TAX ON THE EXEMP....
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....TED TURNOVER ALSO i.e (TURNOVER OF COMMERCIAL VEHICLE)ON THE RATE PRESCRIBED IN RULE 6 WE WOULD LIKE TO KNOW WHAT IS OUR LIABILITY IN THIS CIRCUMTANCES AS PER LAW. KINDLY ADVICE. Reply By CA Rachi....
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....t Agarwal: The Reply: We are not required to pay Service Tax on the Exempted Turnover. Cenvat Credit utilized for the exempted turnover/chargeable turnover can be revered and paid to the service tax....
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.... authority with the interest from the date of availment of Cenvat Credit. Reply By Surender Gupta: The Reply: The best way is that you should reverse the cenvat credit correspondent to non taxable ac....
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....tivity and intimate the department.<br> Discussion Forum - Knowledge Sharing ....