Service tax credit on qutward freight
This query is : Resolved
22 October 2011
Dear All,
I HAVE TAKEN SERVICE TAX CREDIT ON OUTWARD FREIGHT (GTA) BOW I WANT TO KNOW WHETHER I WOULD HAVE TO REVERSE THE CENVAT CREDIT SINCE ONE OF COLLEAGUES HAS POINIED OUT THAT SERVICE TAX CREDIT IS NOT AVAILABLE ON OUTWARD FREIGHT
I HAVE TAKEN SERVICE TAX CREDIT ON OUTWARD FREIGHT (GTA) BOW I WANT TO KNOW WHETHER I WOULD HAVE TO REVERSE THE CENVAT CREDIT SINCE ONE OF COLLEAGUES HAS POINIED OUT THAT SERVICE TAX CREDIT IS NOT AVAILABLE ON OUTWARD FREIGHT
22 October 2011
In case of GTA when Receiver pays service tax he must actually pay, he cannot utilise Cenvat credit balance but after payment his cenvat credit will increase.
Message likes :
2 times
23 October 2011
Yes the service receiver has to pay the liability arised on GTA and then should claim for cenvat credit.
Message likes :
1 times
23 October 2011
service tax credit on cartage outward not allowed.
29 October 2011
Is courier services like DTDC, Professional courier, DHL etc. are also under the perview of GTA. Can't we take credit for sending letters related to business etc.,
31 October 2011
No. this will not come under GTA service. However you take cenvat credit on st paid.
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