09 July 2011
If Service Tax is paid by service receiver in GTA services & abatement of 75% is claimed ,i.e., Service Tax is paid ON amount equal to 25% of Services, Then would Assessee eligible to Claim Cenvat Credit on tax paid (10.3% * 25%) ???
09 July 2011
As per Service Tax rules 1994, section 65(105), service tax paid by service receiver on GTA services, can be availed (to the extent of 25% of GTA service value) as Cenvat credit against duty liability payable.
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