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.
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.
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
