service Tax credit on GTA
This query is : Resolved
26 February 2009
hi
can a service reciver of GTA who is liable to pay service tax can adjust the service tax liability with the serive tax paid by it on REnt, professional services received etc for which it had credit in its books......??
can a service reciver of GTA who is liable to pay service tax can adjust the service tax liability with the serive tax paid by it on REnt, professional services received etc for which it had credit in its books......??
27 February 2009
GTA, Service tax liability cannot be adjusted against cenvat credit. You have to pay first and then take credit to the extent paid on Inward freight.
This is clarified in the Master Circular
This is clarified in the Master Circular
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