Whether input credit is available for Service Tax paid on GTA (freight inward)
Divyakanth Gopal (CA Final) (45 Points)
10 March 2011Whether input credit is available for Service Tax paid on GTA (freight inward)
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 10 March 2011
yes inward freight is input services, and service tax paid on input services qualify for credit for payment towards taxable output services / excisable goods.
soni chauhan
(Service)
(670 Points)
Replied 10 March 2011
As per Rule 2(l) of the CENVAT Credit Rules, 2004 reads as under:-“input service” means any service used by a provider of taxable service for providing on output service. So u can avail the credit on the base of GAR-6 challans.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 10 March 2011
Credit would be available for inward transportation and maybe for outward.
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