Interesting service tax issues - 2

Here is an interesting service tax issue from a friend.

Mail me your views on it to mail id: ableindiaemail@yahoo.com

Dear Sirs

Please help me with respect to the below query:-

Can a Concern simultaneously choose both the option under Rule 6(2) and 6(3) of Cenvat Credit Rules for availing Cenvat Credit in the following manner.

1. Maintian separate accounts for those Input Services which are exclusively used for providing Taxable services and take credit as per Rule 6(2).

2.maintain a composite accounts for those input services which are used for both Taxable and Exempted services and than take credit as per Rule 6(3) option (ii) by reversing the amount as attributable to exempted output services.

Your quick reply in this matter will be highly helpful.

Regards

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