Subhra Kanti Chatterjee (Account Executive) (61 Points)
06 January 2013Dear Sir
We are paying service tax on GTA on carriage I/W & O/w , and then we are taking ser vice tax credit to adjust the excise duty payable amount only on carriage I/W amount..
Can we adjust the service tax credit on GTA on carriage o/w amount also to adjust the excise duty payable amount ? pl. advice and also give the notification no. too.
Thanking you
Subhra
Rajeev Kumar Garg
(Consultant of Excise Customs & Service Tax)
(836 Points)
Replied 06 January 2013
Dear Mr. Chattarjee,
Cenvat Credit is applicable on input services only as per Cenvat Credit Rules 2004 and input service covers freight inward service and freight outward service from the factory of goods upto the place of sale depot or place of removal. But when, place of removal or point of sale is factory gate, cenvat credit on freight outward service is not allowed.
Thanks
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. No. 7500802402.
CA ANKUSH AGGARWAL
(CHARTERED ACCOUNTANT)
(2782 Points)
Replied 30 January 2013
| Originally posted by : Rajeev Kumar Garg | ||
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Dear Mr. Chattarjee, Cenvat Credit is applicable on input services only as per Cenvat Credit Rules 2004 and input service covers freight inward service and freight outward service from the factory of goods upto the place of sale depot or place of removal. But when, place of removal or point of sale is factory gate, cenvat credit on freight outward service is not allowed. Thanks Rajeev Kumar Garg (M.Com, L.L.B.) Consultant (Excise, Customs & Service Tax) Ph. No. 7500802402. |
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