14 May 2009
As per notication no.13 of ST dt.01.03.2008 GTA have to charged ST @ 25% however i have found from one reference that no condition is requried to taxability @ 25%. So can GTA can get credit on all the services if it has taxed @25%. if available then plz give me circular of notification or the no. for the same,
14 May 2009
The 75 % exemption on value is under Not.1/2006 and in that notification there is a condition that there is no cenvta credit claimed. Therefore no credit would be available if 25 % option chosen
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