Service Tax Utilization - GTA inward
This query is : Resolved
14 July 2009
we are doing payment of the Service Tax on the GTA Inward thru TR-6 challan…. And we also take credit of that much value in our CENVAT register.
I do want to know that whether we can utilize that amount in the other way of the payment i.t. BAS & others?
I do want to know that whether we can utilize that amount in the other way of the payment i.t. BAS & others?
14 July 2009
Credits can be used to pay the central excise duty or service tax on output services.
17 July 2009
Can u pls give the details about the RULE?
17 July 2009
Pls ref. Rule 2(l) of CENVAT credit Rules, 2004
17 July 2009
Ref Rule 2 (k) of CENVAT credit rules, 2004
17 July 2009
No, the same can be utilized for ED payment and ur output service tax liability and not against BAS.
17 July 2009
Is it said in the rule not to utilise this credit for BAS?
17 July 2009
No. It can be utilized for payment of any output service.
18 July 2009
But BAS is a output service.. right?? so only we can utilize the credit...kindly clear with where as rules applicable..
22 July 2009
Pls ref. rule 2(k) and (l) of CENVAT credit Rules, 2004
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