Gta 75% abteatement
This query is : Resolved
Harshavardhan
(Querist)
21 April 2012
Dear Experts
Please clarify If we claim abatement of 75% on GTA. Cenvat Credit available on input services.
Please help me.
Thx & Rgs
Harsha
Please clarify If we claim abatement of 75% on GTA. Cenvat Credit available on input services.
Please help me.
Thx & Rgs
Harsha
21 April 2012
You can claim input of service tax deposited as service receiver under reverse charge if the GTA service is for transportation of Input or Capital Goods or for outward transportation till place of Removal.
Harshavardhan
(Querist)
21 April 2012
Thank you sir
I have one doubt about ST notification No 13/2012 in that Govt of India give conditions as follows
in table sl no 7
CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
Please help me
Thx & Rgs
Harsha
I have one doubt about ST notification No 13/2012 in that Govt of India give conditions as follows
in table sl no 7
CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
Please help me
Thx & Rgs
Harsha
21 April 2012
Agree with the Expert, under reverse charge method service receiver of GTA ( upto the place of removal) can claim cenvat as input service .
21 April 2012
Harsha , the Conditions in Sl No. 7 is as below
"CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004."
This is for the Those who are providing the GTA Services and are themselves liable to pay taxes and Not for those who receive GTA Service and are liable to pay service tax as service receiver under reverse charge mechanism.
I assume u are paying ST as service receiver and hence input would be available as discussed earlier.
"CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004."
This is for the Those who are providing the GTA Services and are themselves liable to pay taxes and Not for those who receive GTA Service and are liable to pay service tax as service receiver under reverse charge mechanism.
I assume u are paying ST as service receiver and hence input would be available as discussed earlier.
Harshavardhan
(Querist)
21 April 2012
Yes sir i am a service receiver i have pay service tax and claim cenvat credit on excise duty payable..
Thanks for your valuable information
Thx & Rgs
Harsha
Thanks for your valuable information
Thx & Rgs
Harsha
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