Service on gta services

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2015 XYZ ltd is a private company dealing in sale and purchase of goods. since company has to pay ST on GTA under Reverse charge as it is a recepient of Goods transported by road service

My Query is Can the company take CENVAT of ST paid on GTA under reverse charge against payment of ST on GTA as there is no other service catogary applicable to company???

If company can take CENVAT of the same then how n when to take CENVAT

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

23 October 2015 Service tax under reverse charge has to be paid no cenvat credit adjustment can be done. As you are not providing any out put service no cenvat credit be taken.

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now