Credit of setvice tax-gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
Hi, We are the Manufacturer of Air Conditioners
The transport service is being provided by the ‘goods transport agency’ and the we, excise assessee pays the service tax only for the reason that the liability for payment of service tax has been shifted to the service receiver. We are paid on the basis of Abatement i.e.25% of Services.
Now my question is, Can we avail cenvat Credit for the same?
Means can we pay our Excise liability out of Service tax receivable
Please guide, Thanks in Advance
The transport service is being provided by the ‘goods transport agency’ and the we, excise assessee pays the service tax only for the reason that the liability for payment of service tax has been shifted to the service receiver. We are paid on the basis of Abatement i.e.25% of Services.
Now my question is, Can we avail cenvat Credit for the same?
Means can we pay our Excise liability out of Service tax receivable
Please guide, Thanks in Advance
26 September 2011
Yes you can definitely avail Cenvat Credit on GTA Service tax paid by you. This is actually equal to a service tax paid by you to a service provider. Therefore go ahead and claim CENVAT credit on the actual GTA paid in each return period
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- 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
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
