Set off of Cenvat Credit
This query is : Resolved
30 March 2009
Dear Sir,
One of My Client manfacturing seeds and the goods are not excisable and the company purchasing capital items on which excise duty is paying
There is no Outflow of Excise and Customs duty payble from the company
The Company is paying Service Tax under GTA
Shall we offset the Cenvat Credit on Excise duty is to Service Tax payble on GTA
Note : Service Receiver has to pay the Service Tax on GTA
Thanking you
One of My Client manfacturing seeds and the goods are not excisable and the company purchasing capital items on which excise duty is paying
There is no Outflow of Excise and Customs duty payble from the company
The Company is paying Service Tax under GTA
Shall we offset the Cenvat Credit on Excise duty is to Service Tax payble on GTA
Note : Service Receiver has to pay the Service Tax on GTA
Thanking you
Pravin Nemad-CWA
(Expert)
30 March 2009
No U can not, this is because, In service tax rule, it is clearly mention that, GTA payment should be dont throu PLA & u are not allowed to utilise Crdit available in Cenvat.
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