Chartered Accountant in Practice
506 Points
Joined March 2013
Tax Credit can be availed if the said GTA Service qualifies as an input Service.
The service tax is to be paid under Reverse charges machanism and the credit can be availed in the month following the month of Payment.
But the credit cannot be utilized for Payment of Service Tax under reverse charge. Therefore if the person is also a service provider / Manufacturer , He can set-off his credit against his output tax liability.