Dear all,
We are paying 14.5% service tax on outward freight (Goods transport) and also depositing the service tax too.
My question is can we take credit/utilized 14.5% or we may only take a credit of 14% ??? kindly confirm.
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Swach bharat cess @ 0.5%
Replies (5)
only 14%, no cenvat is available for payment of SBC.
If the place of removal is your factory gate (in case of manufacturers) department could dispute on the eligiblity of credit of even that 14% paid on outward freight. Since the input service definition as per Rule 2 (l) covers transportation of goods only upto place of removal.
No input credit will be available on payment of Swachh Bharat Cess. For details check out the attached FAQ on SBC.
Thanks to all for there valuable reply.
Yes, Swachh Bharat Cess has not been amended in CENVATt Credit Rules. Hence no CENVAT credit on SBC.
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