Cenvat credit on gta
This query is : Resolved
Sanju Zaveri
(Querist)
05 November 2012
If ........
a manufacturing Company receives services from GTA and paid Service tax on 02 types of freight.....
(i) Freight paid for input of materials i.e. Input Freight
and
(ii) Freight paid for output (sales) of products i.e. Outwars Freight
Que :- Can manufacturing company claim CENVAT credit for both such freight?????
a manufacturing Company receives services from GTA and paid Service tax on 02 types of freight.....
(i) Freight paid for input of materials i.e. Input Freight
and
(ii) Freight paid for output (sales) of products i.e. Outwars Freight
Que :- Can manufacturing company claim CENVAT credit for both such freight?????
05 November 2012
Hi,
For input 100% cenvat can be claimed.
For ouput, cenvat can be claimed for the freight pai upto the place of removal of goods. i.e. Place from where goods is sold, generally godown of a company.
Rgds//Vaibhav
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For input 100% cenvat can be claimed.
For ouput, cenvat can be claimed for the freight pai upto the place of removal of goods. i.e. Place from where goods is sold, generally godown of a company.
Rgds//Vaibhav
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Sanju Zaveri
(Querist)
05 November 2012
thank u....
but clear the following too.
U means If company paid outward-freight then they can claim for credit???
thank u....
but clear the following too.
U means If company paid outward-freight then they can claim for credit???
05 November 2012
Hi
If Service Tax is paid on outward freight by co. then only they can claim CENVAT on the same.
Rgds//Vaibhav
Click thank button to convey your appreciation.
If Service Tax is paid on outward freight by co. then only they can claim CENVAT on the same.
Rgds//Vaibhav
Click thank button to convey your appreciation.
Message likes :
1 times
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