Reverce service tax
This query is : Resolved
vikash sharma
(Querist)
12 April 2014
Dear Expert
My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party
please advise that can we reverse the credit or not.
My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party
please advise that can we reverse the credit or not.
Rupesh Jain
(Expert)
12 April 2014
you have to pay service tax on freight when you received in your factory gate.
after that this material you can consume/resale .
service tax on freight outwards also pay by you.
after that this material you can consume/resale .
service tax on freight outwards also pay by you.
Message likes :
1 times
vikash sharma
(Querist)
12 April 2014
D/s
yes freight outward not pay by our comapny
yes freight outward not pay by our comapny
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
