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
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
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- 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
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
