Availment of cenvat credit
This query is : Resolved
12 March 2016
Dear Respected Experts, Please guide on a query related to CENVAT credit:
A manufacturer was paying service tax on GTA services of full amount i.e. 100% of service tax without availing the abatement on GTA services, will he be eligible to avail CENVAT Credit of Full 100% of service tax paid against liability of Excise Duty or will be eligible to avail only 30% (i.e. which is required to be paid after availing abatement).
Please guide me.
Thanking You.
A manufacturer was paying service tax on GTA services of full amount i.e. 100% of service tax without availing the abatement on GTA services, will he be eligible to avail CENVAT Credit of Full 100% of service tax paid against liability of Excise Duty or will be eligible to avail only 30% (i.e. which is required to be paid after availing abatement).
Please guide me.
Thanking You.
CMA Ramesh Krishnan
(Expert)
13 March 2016
Yes. You,can claim 100% service tax paid on GTA as CENVAT
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