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Indirect tax
My second query is, the said company pays service under RCM on GTA and Security services can it use the service tax paid as cenvat credit balance..I hope I have made myself clear . Waiting for your response.
As regards first query, the input tax credit balances whether CENVAT or VAT got automatically will be transferred provided they were proper under the then Rules/Law.
As regards second query, the tax paid under RCM can be availed as Cenvat credit, provided such services fall under the definition of Input Service given Under the Cenvat Credit Rules, 2004. Accordingly if any Service Tax paid under RCM on Outward GTA beyond the place of removal would not be eligible for credit.
Raksh*t
9810525780
As regards first query, the input tax credit balances whether CENVAT or VAT got automatically will be transferred provided they were proper under the then Rules/Law.
As regards second query, the tax paid under RCM can be availed as Cenvat credit, provided such services fall under the definition of Input Service given Under the Cenvat Credit Rules, 2004. Accordingly if any Service Tax paid under RCM on Outward GTA beyond the place of removal would not be eligible for credit.
Raksh*t
9810525780
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