Reversal Of Cenvat Credit In Respect Of Common Input Services Sufficient For Compliance With Cenvat Credit Rules, 2004: CESTAT
The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that reversal of Cenvat credit in respect of common input services by the appellants is sufficient for compliance with the Cenvat Credit Rules, 2004.The bench of S.K. The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that reversal of Cenvat credit in respect of common input services by the appellants is sufficient for compliance with the Cenvat Credit Rules, 2004. During the course of the audit of the records of the appellants, it was observed by the Department that the appellants were availing of Cenvat credit for service tax paid on input services that were used by them for the provision of taxable output services as well as exempted output services, and it was claimed by the Department that no separate records regarding receipt and utilization of these common services were maintained by the appellants. In respect of input services related to multiple projects, they have segregated the same by apportioning the common input Cenvat credit based on the turnover of the exempted and taxable projects at their HO.
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