I AM A PROVIDER OF A TAXABLE SERVICE. HENCE I AM COLLECTING SERVICE TAX FROM MY CLIENTS. WHETHER SERVICE TX PAID BY ME IN CASE OF RECEIPT OF TRANSPORT SERVICE IS ALLOWED AS TX CREDIT?
I AM A PROVIDER OF A TAXABLE SERVICE. HENCE I AM COLLECTING SERVICE TAX FROM MY CLIENTS. WHETHER SERVICE TX PAID BY ME IN CASE OF RECEIPT OF TRANSPORT SERVICE IS ALLOWED AS TX CREDIT?
Yes, payment of service tax in case of GTA by receiver of service under reverse charge is allowed as CENVAT credit
no....if u r paying at the abated rate of 25%
Kabirsen,
now the condition is removed and credit can be taken. Earlier, the credit could have been taken at abated rate only if it had been proved that the transporter has not availed any CENVAT credit of inputs & capital goods.
You can take credit of GTA paid
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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