IF abc ltd is manufacurer, and paying excise duty, I want to know whether abc ltd can take Cenvat credit of Service tax paid on transportation charges under GTA against excise duty payable?if yes, provide any reference , notification which support my answer in this matter as soon as possible
01 July 2013
Service recipient will pay the service tax under reverse charge system. Cenvat credit is available on input goods, input services and capital goods. Manufacturer as well as service provider will liable to get cenvat credit of input services.
CAclubindia
