TMI BlogDifference b/w non taxable service and exempted service.X X X X Extracts X X X X X X X X Extracts X X X X ..... What is the difference between non taxable service and exempted service. (Reference Rule 6 of Cenvat Credit Rules'04) - Reply By YASHAVANTH R.M. - The Reply = In my opinion Non Taxable services are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the services where ST not applicable Example: Export of service, Renting services to certain catagories etc.,[which is classified as nontaxable in service catagory itself ] Exempted services are servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces where the General exemption given in ST rules Example:- Service to SEZ,Services to United states, Turnover exemption upto Rs. 8.00lakhs, Services to IT Incubators,etc., In Cenvat credit rule 6 ref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers, if common Inputs or common services received & utilized for out put services we are eligible on 20% of the cenvat credit [refer 16 services for such credit ] - Reply By V Ramanujam - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For the purpose of CENVAT Credit Rules , there is no difference between non-taxable or exempted service as both the above category of services are under covered within the definition of 'exempted se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices' - Rule 2(e) of CENVAT credit Rules . - Difference b/w non taxable service and exempted service. - Query Started By: - V.K. Verma Dated:- 19-11-2007 Service Tax - Got 2 Replies - Service T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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