Service Tax Utilization - GTA inward
This query is : Resolved
14 July 2009
we are doing payment of the Service Tax on the GTA Inward thru TR-6 challan…. And we also take credit of that much value in our CENVAT register.
I do want to know that whether we can utilize that amount in the other way of the payment i.t. BAS & others?
I do want to know that whether we can utilize that amount in the other way of the payment i.t. BAS & others?
14 July 2009
Credits can be used to pay the central excise duty or service tax on output services.
17 July 2009
Can u pls give the details about the RULE?
17 July 2009
Pls ref. Rule 2(l) of CENVAT credit Rules, 2004
17 July 2009
Ref Rule 2 (k) of CENVAT credit rules, 2004
17 July 2009
No, the same can be utilized for ED payment and ur output service tax liability and not against BAS.
17 July 2009
Is it said in the rule not to utilise this credit for BAS?
17 July 2009
No. It can be utilized for payment of any output service.
18 July 2009
But BAS is a output service.. right?? so only we can utilize the credit...kindly clear with where as rules applicable..
22 July 2009
Pls ref. rule 2(k) and (l) 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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Reporting in TDS return
- Grand in aid
- ASMT-10 received from A O
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- 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
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
