Service tax under gta
This query is : Resolved
04 February 2016
Dear Experts,
We have amend the registration for GTA service in Dec-15.
Can we pay off the service tax under GTA and claim the Cenvat for the period of Apr-Dec' 2015
Thanks in Advance.
We have amend the registration for GTA service in Dec-15.
Can we pay off the service tax under GTA and claim the Cenvat for the period of Apr-Dec' 2015
Thanks in Advance.
04 February 2016
Service Tax Paid on GTA services is not Input Service as per Rule 2(l) of CENVAT Credit Rules 2004. This tax is further paid under the Reverse Charge Mechanism on abated value. Therefore the tax paid is not available as input credit.
05 February 2016
Hi vaibhav,
If service tax liability for GTA is paid then cenvat credit of the same can be availed by the assessee. This is in accordance with Provision 1 to sub rule 7 of Rule 4 of Cenvat credit rules, 2004
If service tax liability for GTA is paid then cenvat credit of the same can be availed by the assessee. This is in accordance with Provision 1 to sub rule 7 of Rule 4 of Cenvat credit rules, 2004
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
