Cenvat on Export

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....envat on Export<br> Query (Issue) Started By: - Sanjeev Sharma Dated:- 5-9-2012 Last Reply Date:- 5-9-2012 Service Tax<br>Got 1 Reply<br>Service Tax<br>A domestic IT Services Company M/s ABC Ltd prov....

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....ides IT support Services both in the Domestic market and Export Services (remotely) to Customers abroad. The quantum of export revenue to total Revenue is around 40%. ABC Ltd was in the past able ....

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....to utilize the total CENVAT credit in respect of input services towards payment of service tax on Output services. In view of the recently amended Rule 5 of the Cenvat Credit Rule, 2004 and the Noti....

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....fication No 27/2012 - Central Excise (NT) dt 18.06.2012, Can ABC Ltd continue to avail CENVAT credit on Service tax paid on Input services to offset against liability of Service tax on domestic outpu....

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....t Services. ? Or will the Company, as per revised Rule-5, be mandatorily required to apply for refund for the pro-rata quantum of CENVAT connected with Export turnover ?. Reply By Pradeep Khatri:....

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.... The Reply: You may opt either option depending on your utilization of CENVAT credit against the output service or finished goods liability.<br> Discussion Forum - Knowledge Sharing ....