can cenvat credit be taken on service tax paid on postal and courier charges
4 Replies
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 10 October 2012
yes, cenvet admissible.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 10 October 2012
If you are a service provider, then the postal and courier service shall have direct nexus with providing of output service. If you are a manufacturer, same shall have nexus with manufacturing activities. Also such services relating to advertisement, sales promotion, purchase of inputs, accounting auditing, recruitment, business exhibition , legal service etc. qualify for cenvat credit.
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 10 October 2012
As a manfacuturere or service provider you can take the credit of the service tax paid on the courier charges subject to conditions laid down under cenvat credit rules. Please refer defination given for input service under rule 2 of cenvat credit rules..
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 10 October 2012
hello ,friends & members
in case of a bank, whether service tax paid on phone bill/audit fees is available as cenvat credit 100% or 25%. ???????
Read more at: /forum/cenvat-credit-223516.asp#.UHUGli43sqM
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
