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.
13 March 2016
Yes. You,can claim 100% service tax paid on GTA as CENVAT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
