cenvat of service tax on freight paid by an excisable unit
This query is : Resolved
25 February 2008
Dear All,
Can u guide me that how much cenvat i can calim on service tax paid on freight bills. Is there any condition like that i can only claim the cenvat only on freight paid of stocktransfer bill not on sale bill by branch if my service tax is centralized. And one more thing is that there is any limit of taking cenvat like in excise of period of six month or i can avail in this any time
Anuj
Can u guide me that how much cenvat i can calim on service tax paid on freight bills. Is there any condition like that i can only claim the cenvat only on freight paid of stocktransfer bill not on sale bill by branch if my service tax is centralized. And one more thing is that there is any limit of taking cenvat like in excise of period of six month or i can avail in this any time
Anuj
26 February 2008
Can u guide me that how much cenvat i can calim on service tax paid on freight bills. Is there any condition like that i can only claim the cenvat only on freight paid of stocktransfer bill not on sale bill by branch if my service tax is centralized. And one more thing is that there is any limit of taking cenvat like in excise of period of six month or i can avail in this any time
Anuj
The service tax on Freight can be availed as under
1] on outward freight upto the place of removal ( stock transfer) since this is not a sale
2] on inward freight for inputs and or capital goods
Apart from this there is no other eligibility
Further there is no restriction on the credit period, normally one does not defer, unless there is a specific reason, still it would be ideal to take within a period of one year from the date of payment
Anuj
The service tax on Freight can be availed as under
1] on outward freight upto the place of removal ( stock transfer) since this is not a sale
2] on inward freight for inputs and or capital goods
Apart from this there is no other eligibility
Further there is no restriction on the credit period, normally one does not defer, unless there is a specific reason, still it would be ideal to take within a period of one year from the date of payment
27 February 2008
Thanks
05 November 2008
hey if you hav service tax book then refer to ST on GTA services.....they clearly mentioned that gross value for cal ST is 25% of bill....
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