Company A procures GTA Services in the month of Nov'14. Being a service receiver. Company remits service tax under RCM after utlising abatment. My Qurey is: 1. can company utilise its available input credit to set of GTA payment for the month of Nov'14? 2. can company use Novmeber months GTA Service tax payment as input credit in the next month?
21 June 2015
1. Cenvat credit can be utilised while providing any output service. Since, you are not providing any output service, so you can utilise credit while paying off to GTA,as a SR
2. Yes, you can claim ST paid to GTA as Input credit
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