Cenvat credit
This query is : Resolved
30 June 2013
Please clear doubt
IF abc ltd is manufacurer, and paying excise duty, I want to know whether abc ltd can take Cenvat credit of Service tax paid on transportation charges under GTA against excise duty payable?if yes, provide any reference , notification which support my answer in this matter as soon as possible
very important.....................
IF abc ltd is manufacurer, and paying excise duty, I want to know whether abc ltd can take Cenvat credit of Service tax paid on transportation charges under GTA against excise duty payable?if yes, provide any reference , notification which support my answer in this matter as soon as possible
very important.....................
Arun Kumar Singh
(Expert)
01 July 2013
Service recipient will pay the service tax under reverse charge system. Cenvat credit is available on input goods, input services and capital goods. Manufacturer as well as service provider will liable to get cenvat credit of input services.
02 July 2013
Thank you for reply sir
I just want know that in above situation we can take cenvat credit for Service tax paid under reverse charge system
I just want know that in above situation we can take cenvat credit for Service tax paid under reverse charge system
Arun Kumar Singh
(Expert)
02 July 2013
Yes, you can take the cenvat credit on duty paid under reverse charge systems.
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