05 January 2010
We are manufacturer of goods registered in Excise also
Suppose We pay Service Tax on freight @ 25%
and we are not claim input credit of service tax on the time of excise duty payment can we claim cenvat credit of service in excise. if yes kindly also give notification number (if any) Rule 8 ( if any)
06 January 2010
Service tax paid on inward freight for bringing raw material inside factory is admissible as input service credit for the manufacturer. Credit of service tax paid on outward freight is not admissible in the present amended rules. However for the period prior to 01.03.2008, there are plethora of decesions allowing such credit.
If you are interested in these, just write sanjayinfbd@yahoo.com
CAclubindia
