Reverce service tax
This query is : Resolved
12 April 2014
Dear Expert
My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party
please advise that can we reverse the credit or not.
My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party
please advise that can we reverse the credit or not.
12 April 2014
you have to pay service tax on freight when you received in your factory gate.
after that this material you can consume/resale .
service tax on freight outwards also pay by you.
after that this material you can consume/resale .
service tax on freight outwards also pay by you.
Message likes :
1 times
12 April 2014
D/s
yes freight outward not pay by our comapny
yes freight outward not pay by our comapny
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