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The GTA collect service tax on frieght. and the company ( recipient of seevice ) paid tax by claiming 75 % abatement.
is the GTA can issue Taxable invoice..??
How much amount the company can claim Cenvat as the company paid tax 'mentioned in the invoice' plus 'paid as recipient of service.' ??
Replies (2)
Lorry Receipt (LR) or consignment note is suffice to service receiver from GTA for payment of service tax. You can avail cenvat credit on the strength of service tax challan paid by you. So whatever you are paying service tax on the value of 25% will only be available as credit.
Regards,
JMS
Is the GTA can issue taxable invoice ???
if the company cn't take credit on tax portion mentioned in the invoice how the company recoup such amount ??
thx
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