TMI BlogCENVAT AVAILAMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We are in synthetic filaments filed. We produce both exempted as well as dutiable final product. Whenever we produce dutiable finished goods we avail CENVAT credit on the inputs (raw material alone). During the operation we engage contract labours , securities, transport services for which we paid sizeable amount of service tax. Since we produce dutiable and exempted products ( Notifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation 30/2004 ) we can't distinguish the services related to dutiable as well as exempted products production. Therefore except Raw material we do not avail CENVAT credit for service related matters. Kindly advise whether we can take service tax credit. - Reply By KASTURI SETHI - The Reply = SH.RAMESH ANANTHAKRISHNAN, You can take cenvat credit of Service Tax paid on input service and u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tilise the same for payment of Central Excise duty. Since you are manufacturing dutiabe and exempted goods you are required to follow the procedure laid down in Rule 6(3) of Cenvat Credit Rules, 2004 f or reversal of Cenvat Credit involved on common inputs. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir. If the input is commonly availed for both dutiable and exempt g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods then reversal of credit is required as per the rule mentioned by Sri Kasturi Sir. Thanks. - CENVAT AVAILAMENT - Query Started By: - RAMESH ANANTHAKRISHNAN Dated:- 10-5-2016 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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