Input on gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2015
Dear Sir
My client is a tea manufacturer and is liable to pay service tax on GTA for stores received.My client has no other service tax liability.
Is it possible to claim CENVAT credit for payment of this liabilty.
For eg, i am paying service tax on professional bills, brokerage, etc. Can i take this as input for payment of my liability of GTA.
Thanks & Regards
Punit Kumar Bhansali
ErO0121376
My client is a tea manufacturer and is liable to pay service tax on GTA for stores received.My client has no other service tax liability.
Is it possible to claim CENVAT credit for payment of this liabilty.
For eg, i am paying service tax on professional bills, brokerage, etc. Can i take this as input for payment of my liability of GTA.
Thanks & Regards
Punit Kumar Bhansali
ErO0121376
17 January 2015
No sir, You can not utilize CENVAT credit for payment of service tax under reverse charge mechanism. This has to be paid in cash.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2015
Dear Sir
However is it possible for me to claim Cenvat Credit if i donnot claim abatement 75%
Thanks & Regards
Punit Bhansali
ERO0121376
However is it possible for me to claim Cenvat Credit if i donnot claim abatement 75%
Thanks & Regards
Punit Bhansali
ERO0121376
17 January 2015
No. You have to pay in cash after claiming abatement of 75%
You can take credit of GTA for future service tax liability (Excluding service Tax payable under RCM)
You can take credit of GTA for future service tax liability (Excluding service Tax payable under RCM)
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
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
