Does A Person Providing Both Exempted And Taxable Service And Reversi

1.	Does A Person Providing Both Exempted And Taxable Service And Reversing Credit @ 7% Of Value Of Exempted Service Under Rule 6 Of Cenvat Credit Rules, Does He Need To Reverse The Sbc Also?
Answer» As SBC is not integrated in the Cenvat CREDIT chain and reversal under Rule 6 is payment of amount equal to 7% of the value of EXEMPTED services, hence, reversal of SBC is not REQUIRED under Rule 6 of Cenvat Credit Rules, 2004. As SBC is not integrated in the Cenvat Credit chain and reversal under Rule 6 is payment of amount equal to 7% of the value of exempted services, hence, reversal of SBC is not required under Rule 6 of Cenvat Credit Rules, 2004.

Does A Person Providing Both Exempted And Taxable Service And Reversing Credit @ 7% Of Value Of Exempted Service Under Rule 6 Of Cenvat Credit Rules, Does He Need To Reverse The Sbc Also?

Answer»

As SBC is not integrated in the Cenvat CREDIT chain and reversal under Rule 6 is payment of amount equal to 7% of the value of EXEMPTED services, hence, reversal of SBC is not REQUIRED under Rule 6 of Cenvat Credit Rules, 2004.

As SBC is not integrated in the Cenvat Credit chain and reversal under Rule 6 is payment of amount equal to 7% of the value of exempted services, hence, reversal of SBC is not required under Rule 6 of Cenvat Credit Rules, 2004.

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Does A Person Providing Both Exempted And Taxable Service And Reversing Credit @ 7% Of Value Of Exempted Service Under Rule 6 Of Cenvat Credit Rules, Does He Need To Reverse The Sbc Also?

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