Service Tax credit

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301084 (Querist)
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16 December 2007 We are manufacturer of Pharmaceuticals Product. We are doing Stock transfer to Consignment Agent. We are paying commission on sale and service tax through credit note to Consignment Agent and then Consignment agent paid service tax through GAR-7 (TR6). In this case we avail the service tax credit. If this practise is not correct. please brief us for correct practise.

Sanjeev Kumar Varshney

Sanjeev Kumar Varshney (Expert)
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17 December 2007 You are eligible for Cenvat of Service Tax charged by Service provider in its bill after making payment to him. You have to obtain proper Invoice from Commission agent showing all details and get service tax credit. Based on Challans shown by him are not eligible for credit on your part.

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