Athma Ranjan (service) (66 Points)
29 September 2009We are a Service tax regd Goods Transport Agency. We get the goods transported thro' other GTA's who raise their bill with Service tax.
Please tell if we are eligible for full input tax credit since we are charging service tax in our bill to the consignee ?
Vijay D
(Finance Executive)
(227 Points)
Replied 30 September 2009
Yes you are eligible for full credit.
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 30 September 2009
yes you can take full credit.
Shyam Lal Naik
(Service)
(6156 Points)
Replied 30 September 2009
Based on your query, sorry to say, you are not eligible for input credit.
GTA service is not an output service as per amended definition w.e.f. 01.03.08. Since you are not utilising the input GTA for providing output taxable service, you are not eligible for any credit.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 03 October 2009
As i undertstand you pay ST to other GTAs and pay ST on services of GTA provided by you. If so you are eleigible for input services credit in full from this year.
Earlier the not.,1/2006 barred ST when payments were made on 25%.
CAclubindia
