Service tax credit on "outward freight"
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2011
Dear Experts
Our comp is an 100% EOU located at Chennai. We are into apparel mfrs.
We incur freight charges during the sale...The freight vendor charges ST on the bill...Can we take ST credit on that amount..?
Our comp is an 100% EOU located at Chennai. We are into apparel mfrs.
We incur freight charges during the sale...The freight vendor charges ST on the bill...Can we take ST credit on that amount..?
09 December 2011
As per my knowledge, Service Tax credit can be taken on Inward Freight Only.
Other views are also welcome.
Other views are also welcome.
10 December 2011
As per rule 2 (l) of CENVAT credit rules, 2004 input service, inter alia, includes outward transportation upto the place of removal. Therefore u can take credit of service tax paid on freight charges upto the place of removal.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
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
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
