At present our company pay the GTA 25% on transportation and take credit in Excise. Can we take the credit 25% paid GTA?
vijay bhatt (Accountant) (52 Points)
28 August 2014At present our company pay the GTA 25% on transportation and take credit in Excise. Can we take the credit 25% paid GTA?
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 29 August 2014
Sir,
No, you can take the Cenvat Credit on fully amount of GTA i.e. 25% due to reason only credit allow inward not output services.
Thanking you,
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