28 November 2012
Agree with Expert, Under reverse charge service receiver can take cenvat credit even after abatement better to take a declaration from the transporter( Service provider) though not legally required from July,2012.
Entry no. 7 of the said notification has no implication when service tax is paid under reverse charge. it is applicable for service provider making payment of service tax.If GTA was liable for service tax then it would not be eligible for credit of Cenvat. The condition is not for service receiver liable for service tax under reverse charge where he is not takinf any credit while paying service tax on GTA
28 November 2012
Yes, If the company is paying service tax inward freight then it will be eligible for cenvat credit. First the company will have to pay service tax and thereafter it can get credit of such amount against payment of service tax/excise duty
28 November 2012
Adding to the above cenvat credit by manufacturer ( service receiver ) can be taken on GTA 1.Inward transportation of Inputs and capital goods,
2.Outward transportation upto the place of removal.
CAclubindia
