Can we take cenvat on input services if we have a trading unit & we have a service tax registeration under GTA?
Thanks in advance....
Menu
Service tax
Replies (2)
GTA service has undergone some recent ammendments vide Notification No.30/2012, Refer the Article -Service Tax a new Approach under the Articles Section , It is very clear and simple.
If you are paying service tax on GTA services under Reverse Charge then you cannot utilize CENVAT Credit for such payment.
You have to pay service tax on GTA services in Cash and only after paying you can use such amount as CENVAT credit which in your case would not be possible since you are in trading.
Recent Threads
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
Related Threads
CAclubindia
