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Cenvat Credit

Service Tax - Started By: - Sanjeev Sharma - Dated:- 26-5-2016 Last Replied Date:- 27-5-2016 - A Service Provider providing Chargeable and Exempted service both was paying service tax after taking of input which are used only in taxable services in a .....

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n services. Is the Service Provider has to submit any declaration required under Rule 6(3A) - Reply By Binu Karuthedath - The Reply = Dear Sanjeev Sharma JIPlease refer the below explanations 42[(2) A manufacturer who exclusively manufactures exempte .....

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input services.]43[(3) (a) A manufacturer who manufactures two classes of goods, namely :-(i) non-exempted goods removed;(ii) exempted goods removed;or(b) a provider of output service who provides two classes of services, namely:-(i) non-exempted se .....

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imum of the sum total of opening balance of the credit of input and input services available at the beginning of the period to which the payment relates and the credit of input and input services taken during that period; or; ](ii) pay an amount as d .....

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on the condition that no of inputs and input services, used for providing such taxable service, shall be taken then the amount specified in clause (i) shall be seven per cent. of the value so exempted :Provided also that in case of transportation of .....

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e option under this sub-rule, he shall exercise such option for all exempted goods manufactured by him or, as the case may be, all exempted services provided by him, and such option shall not be withdrawn during the remaining part of the financial ye .....

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xcluding exempted goods manufactured and cleared upto the place of removal;(b) exempted goods removed means the exempted goods manufactured and cleared upto the place of removal; - Reply By vijay kumar - The Reply = Dear Mr.Sanjeev Sharma, The new Ru .....

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exempted services; (ii) exempted services, shall follow any one of the following options applicable to him, namely :- 49[(i) pay an amount equal to six per cent. of value of the exempted goods and seven per cent. of value of the exempted services sub .....

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