Idt
This query is : Resolved
12 August 2013
Dear All
We are manufacture of Rubber Gasket and we are registered in excise dept.
My query is we paying the cartage outward to transporter. If we are paying the Amt. Rs.100000 and as per the Abatement Rule we paying service tax on 25% of Rs.100000 of Rs. 3090. Can we take Cenevat Credit of that Amount of Rs.3090 and pay the Excised duty lesser of that Amount?
Or Kindly provide me Accounting entry also.
thanks
Ranjeet
We are manufacture of Rubber Gasket and we are registered in excise dept.
My query is we paying the cartage outward to transporter. If we are paying the Amt. Rs.100000 and as per the Abatement Rule we paying service tax on 25% of Rs.100000 of Rs. 3090. Can we take Cenevat Credit of that Amount of Rs.3090 and pay the Excised duty lesser of that Amount?
Or Kindly provide me Accounting entry also.
thanks
Ranjeet
Madhukar N Hiregange
(Expert)
13 August 2013
The definition of input services itself excludes the ST on outward freight after the place of removal.
If the sales are delivery at customers premises as per contract then possibly credit available. If not then credit not available.
If the sales are delivery at customers premises as per contract then possibly credit available. If not then credit not available.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
