Gta service credit
This query is : Resolved
24 August 2011
If a company hires GTA service both for input of raw material and output for delivery of finished goods to the place of removal i.e depot or sometimes to buyer premises.
My query is whether the company can take credit and if yes then of which input or output service.
Whether the company can take credit of service tax paid by him on the input and output service and if yes or no please advice by the help of decided case law.
My query is whether the company can take credit and if yes then of which input or output service.
Whether the company can take credit of service tax paid by him on the input and output service and if yes or no please advice by the help of decided case law.
24 August 2011
The hiring company will have to par Service Tax on behalf of GTA both in case of using his services for input of raw material and output for delivery of finished goods to the place of removal.
He shall have to compulsorily pay ST liability arising due to availing these services through PLA & cannot use opening credit available, to setoff this ST liability.
Hence he shall be able to take credit of ST paid both in case of input of raw material and output for delivery of finished goods to the place of removal.
He shall have to compulsorily pay ST liability arising due to availing these services through PLA & cannot use opening credit available, to setoff this ST liability.
Hence he shall be able to take credit of ST paid both in case of input of raw material and output for delivery of finished goods to the place of removal.
24 August 2011
The hiring company will have to pay Service Tax on behalf of GTA both in case of using his services for input of raw material and output for delivery of finished goods to the place of removal.
He shall have to compulsorily pay ST liability arising due to availing these services through PLA & cannot use opening credit available, to setoff this ST liability.
Hence he shall be able to take credit of ST paid both in case of input of raw material and output for delivery of finished goods to the place of removal.
He shall have to compulsorily pay ST liability arising due to availing these services through PLA & cannot use opening credit available, to setoff this ST liability.
Hence he shall be able to take credit of ST paid both in case of input of raw material and output for delivery of finished goods to the 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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
