Cenvat Credit
This query is : Resolved
18 August 2008
A manufacturing concern is paying excise & service tax on its inputs.
But its output is exempt from excise.Also,it is registered under GTA & Business auxiliary services.
Can u please suggest me the alternative action available for the company for availing Input credit.ASAP
But its output is exempt from excise.Also,it is registered under GTA & Business auxiliary services.
Can u please suggest me the alternative action available for the company for availing Input credit.ASAP
28 August 2008
If the out put is "Exempt" then ther is no possibility of getting refund.
How ever as you have mentioned that you are also registered as GTA then you must be paying the srvice tax on out put services for the outword transport. In such case you can uitlise the credit against this thus minimise the imact.
How ever as you have mentioned that you are also registered as GTA then you must be paying the srvice tax on out put services for the outword transport. In such case you can uitlise the credit against this thus minimise the imact.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EPF FULL & FINAL RULES IN 2026
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
