Cenvat Credit on Outward Freight
This query is : Resolved
10 July 2008
We are manufacture in Nasik & our price of goods/material is upto to Customers gate.
In this case whether we are liable take a credit Service Tax paid on outward freight charges upto to Customers gate ?
In this case whether we are liable take a credit Service Tax paid on outward freight charges upto to Customers gate ?
10 July 2008
Dear Satish
This is a metter of dispute since long. However in Aug 07, Department has issued procedural clarification circular No 97 in which it is clared that in case of FOR despatches cenvat credit shall be allowed. This circular is still alive even after some change in input definition in current Budget. In my opinion, cenvat credit will be available and many companies are doing it. You can refer circular for more clarification.
This is a metter of dispute since long. However in Aug 07, Department has issued procedural clarification circular No 97 in which it is clared that in case of FOR despatches cenvat credit shall be allowed. This circular is still alive even after some change in input definition in current Budget. In my opinion, cenvat credit will be available and many companies are doing it. You can refer circular for more clarification.
14 July 2008
Thanks of your expert guidance.
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
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Tax liability on income of freelancer
- Agriculture income or business income
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
