Cenvat credit of service tax on transport inward
This query is : Resolved
18 November 2011
Dear Sir/Madam,
Our vendor has charged Service tax on my Transport inward paid for transport of raw materials used in finished goods @ 10.03% less abetment @ 75% (net Service tax charged is 2.575%), now i want to take credit of the service tax what i am paying on Transport Inward (i.e 2.575% ST)do i take credit or i have to expense it off?
Our vendor has charged Service tax on my Transport inward paid for transport of raw materials used in finished goods @ 10.03% less abetment @ 75% (net Service tax charged is 2.575%), now i want to take credit of the service tax what i am paying on Transport Inward (i.e 2.575% ST)do i take credit or i have to expense it off?
18 November 2011
Take the cenvat credit for the service tax amount paid.
18 November 2011
Thank you very much!
18 November 2011
you can take service tax cenvat credit only inward cartge. on outward cartage service tax cenvat credit not allowed.
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