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....
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Taxation on LTCG for property sold after 24JUL2024
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
