Service tax credit on gta 25% paid amount
This query is : Resolved
Pavanendra
(Querist)
18 August 2014
Dear All,
We are the manufacturers of Cement products. We receive the Service on Transport services (Freight Inward). As per the RCM We are paying the Service Tax on 25% amount.
My Doubt is the Service Tax amount what we have paid for GTA (Freight Inward) Can availed the Cenvat Credit for Excise Duty Payment or Not.
Pls advise any notification or rule position for me.
We are the manufacturers of Cement products. We receive the Service on Transport services (Freight Inward). As per the RCM We are paying the Service Tax on 25% amount.
My Doubt is the Service Tax amount what we have paid for GTA (Freight Inward) Can availed the Cenvat Credit for Excise Duty Payment or Not.
Pls advise any notification or rule position for me.
Anwar Khan
(Expert)
20 August 2014
Services used by manufacturer ,whether directly or indirectly,in or in relation to the manufacturing of final product and clearance of final product up to palace of removal and inward transportation of input
as per cenvat credit rule 2004, you can avail cenvat credit of input service of GTA on paying service tax amount @ 25% amount
as per cenvat credit rule 2004, you can avail cenvat credit of input service of GTA on paying service tax amount @ 25% amount
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