input service tax
This query is : Resolved
24 November 2008
we are paying service tax on freight , the same can we claim in er1 return , some of transporters not collecting service tax in that instance we need to pay tax our self.
24 November 2008
how do we claim service tax credit in er1
24 November 2008
let me know few set off cerdits
24 November 2008
You can pay service tax on freight & cartage on 25% and take cenvat credit
service tax DR
Cess on service tax DR
Cess s&H on service tax Dr
to Bank
but no cenvat credit on outward cartage
ER1
Opening Balance
service tax credit taken
Total
Less Utilized
Balance
You will find in ER1 like Rg23aPart II entery.
service tax DR
Cess on service tax DR
Cess s&H on service tax Dr
to Bank
but no cenvat credit on outward cartage
ER1
Opening Balance
service tax credit taken
Total
Less Utilized
Balance
You will find in ER1 like Rg23aPart II entery.
24 November 2008
To Ram Avtar Sir, i think we cannot take credit of freight because as per the amendment by finance act 2008 GTA is excluded from the definition of out output service. Further in the definition of input service as far as outward transportation is concerned it is only upto place of removal and not from place of removal therefore in my view credit cannot be taken. correct me if am wrong.
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