Cenvat credit of rcm paid on gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2016
Dear Sir,
we are working on the basis of job work manufacturer for some oil companies like BPCL
We are agreeing transporter for transfer of material form our factory to oil companies depots.
We have added this transportation cost in our job costing means we are not charging the same separately in our sales invoice.
We are making payment to Transporter and paying RCM - GTA on these transporter invoices. so if we can take cenvat credit of this RCM payment, Please advice.
Thanks & Regards,
Sanjay Shinde.
we are working on the basis of job work manufacturer for some oil companies like BPCL
We are agreeing transporter for transfer of material form our factory to oil companies depots.
We have added this transportation cost in our job costing means we are not charging the same separately in our sales invoice.
We are making payment to Transporter and paying RCM - GTA on these transporter invoices. so if we can take cenvat credit of this RCM payment, Please advice.
Thanks & Regards,
Sanjay Shinde.
Arun Kumar Singh
(Expert)
13 September 2016
After payment of service tax on GTA, you can take the cenvat credit.
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