Cenvat cerdit on gta outward fright
This query is : Resolved
20 December 2014
I have a little query in relation to service tax credit and have thus came to you for guidance.
If a private limited company pays service tax on outward freight after reducing 75% abatement amount, is it eligible to take the credit of this service tax amount which is paid by the Company?
The goods are transported from the company (i.e. Seller's) factory to the buyer's place.
I would be obliged if you advise me in this respect.
Thanking you.
Regards,
Pankaj
Nashik
21 December 2014
as per Rule 2(2) of CCR rules cenvat credit of service tax payable on transpiration is allowed upto the place removal.
Further place of removal under section 4(3)(b) of central excise act covers only factory.
therefore, you cannot claim service tax on service tax on GTA from freight outside the definition of Place of Removal
Further place of removal under section 4(3)(b) of central excise act covers only factory.
therefore, you cannot claim service tax on service tax on GTA from freight outside the definition of Place of Removal
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Scrutiny assessments u/s 143(2) for AY 25-26
- One Post a Week Done Right Beats Seven Done Wrong
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
