07 February 2015
We are the manufacturers. We are paying service tax for GTA Services. Shall we take cenvat credit for freight charges paid for inward goods?
Whether we can take cenvat credit on service tax for insurance policy?
07 February 2015
You can take a cenvat credit of GTA services, Freight charges and Insurance charges as long as these services are used by you directly or indirectly in or in relation to manufacturing of finished products.
Time limit for availing cenvat credit is restricted to 6 month from the date of Invoice.