Urgent st query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2015
Dear experts,
A suppliers partnership firm has paid freight Rs. 3000/- on the behalf of it's buyer, the buyer is engaged in proprietary firm also not registered in excise, plz let me know weather suppliers is liable to pay 30% ST on 3000, or not if yes can supplier avail cenvat credit for the same however buyer will reimburse only freight amount to us not ST amount.....
Regard
Vimal jha
A suppliers partnership firm has paid freight Rs. 3000/- on the behalf of it's buyer, the buyer is engaged in proprietary firm also not registered in excise, plz let me know weather suppliers is liable to pay 30% ST on 3000, or not if yes can supplier avail cenvat credit for the same however buyer will reimburse only freight amount to us not ST amount.....
Regard
Vimal jha
14 December 2015
IF a Firm has paid freight to transporter then it is obvious that it has to pay service tax on the value after abatement (not 30% ST, it is value*30%*14% (also sb cess))
Cenvat Credit cannot be utlised for the payment of Service Tax under Reverse Charge
but what we have paid as a Reverse Charge in Service Tax we will get credit
Cenvat Credit cannot be utlised for the payment of Service Tax under Reverse Charge
but what we have paid as a Reverse Charge in Service Tax we will get credit
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