Hello friends,
I would like to know whether service tax paid to cost & freight agent in respect of Export Clearance and shipment by a manufacture will be allowed as credit or not?
Krutesh Patel (ACA) (727 Points)
18 July 2009Hello friends,
I would like to know whether service tax paid to cost & freight agent in respect of Export Clearance and shipment by a manufacture will be allowed as credit or not?
Sushma Mevacha
(Executive)
(394 Points)
Replied 18 July 2009
Manufacturer as well as service provider will be eligible to get Cenvat credit of ‘input services’ as per Rule 2(l) of Cenvat Credit.. And Input services difined as under.."
used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products from the place of removal;
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 19 July 2009
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
