Cenvat credit
This query is : Resolved
Mukesh Katara
(Querist)
23 January 2013
Hello....
There is an issue regarding cenvat credit of service tax paid on GTA..
in case of a manufacturing concern whether GTA paid in respect of outward freight is allowed as cenvat credit or not???
Thanx in advance
There is an issue regarding cenvat credit of service tax paid on GTA..
in case of a manufacturing concern whether GTA paid in respect of outward freight is allowed as cenvat credit or not???
Thanx in advance
24 January 2013
1. service tax credit is allowed only up to place of removal.
“place of removal” means-
(i) a factory or any other place or premises of production or manufacture of the excisable goods ;
(ii) a warehouse or any other place or premises wherein the excisable goods have been permitted to be stored without payment of duty ;
(iii) a depot, premises of a consignment agent or any other place or premises from where the excisable goods are to be sold after their clearance from the factory;
from where such goods are removed.”
for more information please refer link-
https://allindiantaxes.com/ait-news-102.php
“place of removal” means-
(i) a factory or any other place or premises of production or manufacture of the excisable goods ;
(ii) a warehouse or any other place or premises wherein the excisable goods have been permitted to be stored without payment of duty ;
(iii) a depot, premises of a consignment agent or any other place or premises from where the excisable goods are to be sold after their clearance from the factory;
from where such goods are removed.”
for more information please refer link-
https://allindiantaxes.com/ait-news-102.php
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