Cenvat cerdit on gta outward fright
This query is : Resolved
20 December 2014
I have a little query in relation to service tax credit and have thus came to you for guidance.
If a private limited company pays service tax on outward freight after reducing 75% abatement amount, is it eligible to take the credit of this service tax amount which is paid by the Company?
The goods are transported from the company (i.e. Seller's) factory to the buyer's place.
I would be obliged if you advise me in this respect.
Thanking you.
Regards,
Pankaj
Nashik
CA Kumar Mukesh
(Expert)
21 December 2014
as per Rule 2(2) of CCR rules cenvat credit of service tax payable on transpiration is allowed upto the place removal.
Further place of removal under section 4(3)(b) of central excise act covers only factory.
therefore, you cannot claim service tax on service tax on GTA from freight outside the definition of Place of Removal
Further place of removal under section 4(3)(b) of central excise act covers only factory.
therefore, you cannot claim service tax on service tax on GTA from freight outside the definition of Place of Removal
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- ARCA LOGIN
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
