Input credit on carriage
This query is : Resolved
26 April 2015
Can we take input credit on service tax paid on carriage inward on raw material and carriage outward on finished goods sent?
26 April 2015
Input on the carriage inward is eligible, but the carriage outward on FGs not eligible for cenvat credit, because CENVAT credit rules allowing the service tax paid on transportation up to the clearance of products from the place of removal.
Message likes :
1 times
27 April 2015
Dear Ramesh, thank you for the valuable comment, but we are manufacturing Toilet soaps and pays service tax @ 12.36 of 25% on Invoice of Transport agency and deduct these amount from the invoice. How can we take cenvat credit on the amount paid?
27 April 2015
Incase you have paid the service tax on rebate basis. then CENVAT 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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
