GTA INWARD CREDIT ELIGIBLE ?

This query is : Open

Keyur Vora (Querist)
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31 January 2009 Dear Sir / Madam

We are manufacturer of excisable goods duitable and exempted goods and we are paying GTA inward ,GTA Outward, GTA Export outward Service Tax by TR-6

Now our questation is :

1 Can we avail credit of GTA inward & GTA Export Ser tax paid by TR-6 when we are producing duitable and exempted goods both ?

Pls reply ASAP

Keyur Vora

nilesh kshirsagar

nilesh kshirsagar (Expert)
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03 February 2009 first of all you should maintain separate account for excisable & exempted goods and classify whether GTA service is used for exemted or taxable goods and on such basis you can take credit only on the part of taxble goods, and if it is not possible to maintain separate account then on montly basis pay duty @10% on exemted goods and availed full credit of GTA inward & Gta Export and dont bother about excisable and exemted goods.

Pradnya Ksagar.
K- Sagar Management Consultant.

Keyur Vora

Keyur Vora (Querist)
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04 February 2009 Infact we are manufacturing & exporting both excisable & non excisable goods(Edible Oil & De-Oiled Cake).We are maintaing separate records ofcourse.We are doing export of excisable goods (DOC) which is exempted by way of notification.PLease let us clrify :-

Can we take cenvat credit of all inputs & input services including GTA-Inward & GTA outward related to port only?

With Regards,

Keyur