If a manufacturing co. pays servicetax on frieght inwards, whether this service tax can be used as cenvat credit or not while paying excise duty.
The co pays 25% ( i.e after abatement ) of service tax amount.
Pls resolve....
Menu
Service tax-gta service cenvat credit
Replies (2)
Yes the manuf co can take the credit of ST paid under RCM under Rule 9(1)(e) pf CCR,2004...provided the servicers could be established as input service as defined in Rule 2(l) of CCR,2004i.e the services are used directly or indirectly in relation to mfr of excisable goods or rendering of taxable services
Thanks
This means service receiver gets two benefit: 75% abatement & availment of cenvat credit.
Recent Topics :
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
Related Topics :
CAclubindia
