Cenvat Credit 100% - 20% credit on common costs, Service Tax

[Manoj Aggarwal]

Cenvat Credit : If we keep separate accounts, we can talk 100% cenvat credit. But in such cases of separate accounts, can we also take 20% credit on common costs such as on Audit Fees ?

Posts / Replies

[Surender Gupta]

No. You can not avail the two facilities together under rule 6(2) and 6(3).