Cenvat credit of service tax paid on gta services for cartage outward under reverse charge
BINOD PANDEY (ASST.MANAGER-ACCOUNTS) (29 Points)
08 July 2016BINOD PANDEY (ASST.MANAGER-ACCOUNTS) (29 Points)
08 July 2016
Ajeet Singh
(Service )
(190 Points)
Replied 08 July 2016
Cenvat credit available if Tax deposited without abatement.
saurabh shahu
(Audit Assistant)
(142 Points)
Replied 04 August 2016
Yes you can take credit on Service Tax paid on GTA Service, Pass the Journal Entry
Transportation Charges Dr. ........10000
Cenvat Credit on Input Services Dr. 500
Service Tax Payable on GTA ( RCM ) Cr. 500
Party Account Cr. 10000