Transportation charges under reverse management, Service Tax

[Anil Kumar]

Dear Sir,

I would like to know the calculation for paying the S. tAX on Transportation charges as per Reverse charge Mechanism and I have paid in previous FY 14-15, 15-16 can I avail the paid part as cenvat credit.

Thanks

Aneel

Posts / Replies

[Ganeshan Kalyani]

Sir, service tax on GTA is payable on 30% of freight amount. Further Cenvat credit is allowed to be taken only within one year. Thanks.

[AJAY KUMAR]

Sir,

Further to Ganeshan Kalyani's opinion, CENVAT credit should not have been taken by service provider for availing the abatement of 70%.