Freight charges
This query is : Resolved
vignesh srinivasan
(Querist)
22 February 2013
sir
1.kindly clarrify the taxability of freight inwards and outwards under servicetax
1.kindly clarrify the taxability of freight inwards and outwards under servicetax
CA RICHA BADALIA
(Expert)
22 February 2013
In this case Service tax is payable on reverse charge basis after claiming an abatement of 75%. You cannot claim cenvat credit of service tax on outward freight while cenvat credit on inward freight can be taken and can be utilised in discharging of excise or service tax liabilities.
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