CENVAT CREDIT from 1.04.2011

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manoj (Querist)
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25 June 2011 We are consultancy eng. company.All income of our are subject to service tax.
1.Can we take credit of service tax paid on land line telephone,mobile,insurance premium etc.?
2.We also pay service tax on Goods Transport service,till 31.03.11 we have taken credit as machinery are transported from godown to site and back to godown.Used in relation to providing out put service.Can we take credit of GTA after 01.04.2011?
3.After point of taxation,is there is any set off/credit of service tax allowed for bad debts,less payment than invoice amount or non-payment till ST-3 return or till year end?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 June 2011 Q.1&2 you can take cenvat credit provided the services in relation to the business requirements

If the proper debit notes are provided , you can reduce the service tax to that extent

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CENVAT CREDIT from 1.04.2011

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