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This query is : Resolved
25 December 2013
dear all,
pls tell me can we take credit from gta transport service if i am a manufacturer we pay s.tax on 25% amount because 75% abadment
25 December 2013
An assessee who makes payment of service tax under reverse charge is eligible to take CENVAT credit of the tax so paid.
Such CENVAT credit can be utilized to pay excise duty on final products.
In case the manufacturer is unable to utilize the CENVAT credit, he can claim refund of the same.
Such CENVAT credit can be utilized to pay excise duty on final products.
In case the manufacturer is unable to utilize the CENVAT credit, he can claim refund of the same.
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