Input credit on carriage
This query is : Resolved
Rajesh Kumar K
(Querist)
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?
CMA Ramesh Krishnan
(Expert)
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.
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Rajesh Kumar K
(Querist)
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?
CMA Ramesh Krishnan
(Expert)
27 April 2015
Incase you have paid the service tax on rebate basis. then CENVAT not available
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