Amount Pable for Service Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2011
Dear All
Good day and greeting
We are a manufacturing company .
We are paying service tax on both inward and outward transport . While we are availing credit for inward transport and no credit is allowed for outward transport .
Suppose our service tax liability for march 2011 is Rs 100000/- on incoming transport and Rs 120000/- on out going transport .
In this given situation how much we have to paid service tax , although i have already paid service tax of Rs 220000/- .
it is mandatory to paid service tax in cash on both inward and outward and than take credit of service tax paid on inward transport .
Thanks
Good day and greeting
We are a manufacturing company .
We are paying service tax on both inward and outward transport . While we are availing credit for inward transport and no credit is allowed for outward transport .
Suppose our service tax liability for march 2011 is Rs 100000/- on incoming transport and Rs 120000/- on out going transport .
In this given situation how much we have to paid service tax , although i have already paid service tax of Rs 220000/- .
it is mandatory to paid service tax in cash on both inward and outward and than take credit of service tax paid on inward transport .
Thanks
15 April 2011
Dear
it is mandatory to pay service tax in cash on both inward and outward, as the output service defined under Cenvat rules specfically exclude GTA services.
However, you can avail take credit of service tax paid on inward transport .
it is mandatory to pay service tax in cash on both inward and outward, as the output service defined under Cenvat rules specfically exclude GTA services.
However, you can avail take credit of service tax paid on inward transport .
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