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.
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