Service Tax on GTA
This query is : Resolved
28 May 2010
Dear All,
Would like to know whether service tax can be availed by the taxpayer paid on GTA Services
Secondly, what is the timelimit once can take credit of service tax paid on any other services
Please revert
Prashant
Would like to know whether service tax can be availed by the taxpayer paid on GTA Services
Secondly, what is the timelimit once can take credit of service tax paid on any other services
Please revert
Prashant
Shyam Lal Naik
(Expert)
28 May 2010
Service tax paid on GTA service can be taken as cenvat Credit, provided the the GTA service qualifies to be input service in terms of Rule 2(i) of Cenvat Credit Rules, 2004.
No time limit is prescribed for taking credit. It should be within a reasonable time. 6 month is often considered as resonable.
No time limit is prescribed for taking credit. It should be within a reasonable time. 6 month is often considered as resonable.
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