Service tax input credit for man power supply
This query is : Resolved
08 October 2009
Dear Sir,
We are running a packing material industry in hosur. In our case we supply man power to done packing works at vendor site. for that we are come under man power supply in service for that we have to pay service tax. and we are paying GTA also.
in our case can we adjust our GTA credit on servie tax payable on man power supply.
We are running a packing material industry in hosur. In our case we supply man power to done packing works at vendor site. for that we are come under man power supply in service for that we have to pay service tax. and we are paying GTA also.
in our case can we adjust our GTA credit on servie tax payable on man power supply.
09 October 2009
IN CASE YOUR ANNUAL BILLING BELOW 10 LACS NO NEED TO PAY SERVICE TEX
16 October 2009
I need clarification that,
i am paying service tax on GTA, that tax credit may i utilised for other Service tax payables.
i am paying service tax on GTA, that tax credit may i utilised for other Service tax payables.
21 October 2009
Mr Kumaaravel,
First of all you have to clarify the transaction, as you have mentioned that you are running a packing material industry and sending your personnel at vendors' place.
Are you splitting the billing in to two parts ie material cost and service charges ? Is Excise Duty is applicable ?
Anyway, Service Tax paid on GTA have to be paid on Freight Inwards & Freight Outward. You can take credit of Service Tax paid on GTA - Freight Inwards while discharging your liability of Service Tax / Excise Duty.However there are some restrictions on crdit of service tax GTA - Freight Outwards.
First of all you have to clarify the transaction, as you have mentioned that you are running a packing material industry and sending your personnel at vendors' place.
Are you splitting the billing in to two parts ie material cost and service charges ? Is Excise Duty is applicable ?
Anyway, Service Tax paid on GTA have to be paid on Freight Inwards & Freight Outward. You can take credit of Service Tax paid on GTA - Freight Inwards while discharging your liability of Service Tax / Excise Duty.However there are some restrictions on crdit of service tax GTA - Freight Outwards.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
