Cenvet credit of service tax paid on input service
This query is : Resolved
Dinesh pratap singh
(Querist)
03 July 2009
Sir
A Trading Co. paid service tax on input service and also liable of service tax liability on freight inward and outtward against GTA service as reverse charge after abaitement of 75% of freight.
What is ans in respect of :-
1) Use cenvet credit balance against liability of service tax on freight inward and outward.
2) Answer is change if co. is manufactrar.
A Trading Co. paid service tax on input service and also liable of service tax liability on freight inward and outtward against GTA service as reverse charge after abaitement of 75% of freight.
What is ans in respect of :-
1) Use cenvet credit balance against liability of service tax on freight inward and outward.
2) Answer is change if co. is manufactrar.
Madhukar N Hiregange
(Expert)
05 July 2009
Input service credit cannot be used to pay for output service whether by service provider or manufacturer.
In the past the GTA service paid by the receiver was considered an output service as per the explanation. Till the explanation existed the manufacturer could utilise the same.
This was omitted on 18.4.2006.
In the past the GTA service paid by the receiver was considered an output service as per the explanation. Till the explanation existed the manufacturer could utilise the same.
This was omitted on 18.4.2006.
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