Service tax gta credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2011
SIR,
WE ARE MFG. IN PLASTIC COMPONENTS.
RAW MATERIAL PURCHASE FORM HALDIA BANGLORE,HE RAISED EXCISE INVOICE + FREIGHT CHARGED SEPRATLY IN INVOICE & CHARGED SERVICE TAX 10.3% SAME INVOICE.
CURRENTLY WE CLAIM ONLY EXCISE DUTY.
MY QUERY IS CAN WE TAKE SERVICE TAX CREDIT ON THIS INVOICE RAISED BY SUPPLER.
PL. GIVE SEC. NO. & NOTIFICATION NO.
WE ARE MFG. IN PLASTIC COMPONENTS.
RAW MATERIAL PURCHASE FORM HALDIA BANGLORE,HE RAISED EXCISE INVOICE + FREIGHT CHARGED SEPRATLY IN INVOICE & CHARGED SERVICE TAX 10.3% SAME INVOICE.
CURRENTLY WE CLAIM ONLY EXCISE DUTY.
MY QUERY IS CAN WE TAKE SERVICE TAX CREDIT ON THIS INVOICE RAISED BY SUPPLER.
PL. GIVE SEC. NO. & NOTIFICATION NO.
13 November 2011
As per section 2 (l) of CENVAT credit rules, 2004, input service,inter alia, services of inward transportation of input or capital goods, and outward transportation upto the place of removal.
CENVAT credit can be taken o service tax paid freight on charges if the above condition are satisfied.
CENVAT credit can be taken o service tax paid freight on charges if the above condition are satisfied.
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