Service tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2012
We are Manufacturing Co. we r paying service tax on GTA service after claiming 75% abatement.
1) can we claim credit of service tax paid on freight inward and freight outward(GTA) After claiming abatement as above?
2) V r having 95% import of raw material,where c&F,CHA, and other exp. has to incurred on which servise tax is paid by us. can we claim the same as credit.
Thanx in advance.
1) can we claim credit of service tax paid on freight inward and freight outward(GTA) After claiming abatement as above?
2) V r having 95% import of raw material,where c&F,CHA, and other exp. has to incurred on which servise tax is paid by us. can we claim the same as credit.
Thanx in advance.
Dilip Kumar Agarwal
(Expert)
05 September 2012
1> You can avail cenvat credit on freight inward. Cenvat Credit on freight outward is admissble upto place of removal.
2> Service Tax paid on procurement of raw material qualifies for cenvat credit.
2> Service Tax paid on procurement of raw material qualifies for cenvat credit.
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