can we avail service tax credit of tax paid on goods transport agency?
Menu
GTA
Replies (3)
Yes. We can Aval Input Service tax Credit on payments made to GTA.
All service tax paid towards GTA cannot be allowed to take credit except the service tax paid for inward freight and not outward freight
Service tax paid for Goods Transport Agency can be taken for Input Credit if and only if service tax is paid on the entire amount paid to the Goods transport Agency. But where service tax has been paid at an abated rate then no input credit can be availed on it.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
