18 September 2015
Respected sir,
I want clarification for RCM as ex. given as follows.
I am owner of proprietary business, I am manufactrer of exciseable goods, while I raise Bill of excise on customer with freight. such it expenses bare by me from GTA service provider.
in this case RCM applicable to me ?
if GTA service provide with service tax then it's credit available as cenvat credit to me?
And in reverse situation in case of purchase such freight/transportation charge by supplier which paid by me then it's cenvat credit available ?
plse. provide relevant supported section or rule or notifications in case of change rules.
19 September 2015
You read the notification no. 30/2012-ST if you are registered with excise then you need to pay service tax on GTA and after payment of service tax you can take the cenvat credit of that input services.
CAclubindia
