input service taken credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2011
sir,
can any one pl advice whether a company registered Under GTA category,can take input credit on outward freight!
for example while i receive raw mat. i pay service tax 1000/- on freight and taken credit.And at the time dispatch i pay service tax 500/- then what is its impact on submission of return!
regds
can any one pl advice whether a company registered Under GTA category,can take input credit on outward freight!
for example while i receive raw mat. i pay service tax 1000/- on freight and taken credit.And at the time dispatch i pay service tax 500/- then what is its impact on submission of return!
regds
CA Pradeep Sharma
(Expert)
09 May 2011
Person who make payment of freight is liable to pay service tax under GTA service,
And such person not eligible to take credit on inputs but such person take credit of service tax which is paid by him on GTA service against his Service tax liablity for other service or against excise duty. But such credit can be avail only after making the payment of service tax on GTA through TR-6 Challan
And such person not eligible to take credit on inputs but such person take credit of service tax which is paid by him on GTA service against his Service tax liablity for other service or against excise duty. But such credit can be avail only after making the payment of service tax on GTA through TR-6 Challan
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