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.
PUNEET GOYAL
(Expert)
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.
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