GTA - Amendment for availing cenvat credit, Service Tax

[Dilip chokhra]

My openion on this notification No.1/2006-07 , we cannot take cenvat credit , if he avails the partial abatement like GTA , we will pay service tax 12.24% on 25 % of Gross amount. My query is that there is any new amended on this notification , if yes than please give the No. & date for the same. It is correct or not.

Posts / Replies

[Surender Gupta]

If you are the service receipient, you can avail the credit of service tax paid on Transport of Goods services irrespective of the fact that the service tax has been paid by the GTA or by youself. However, the GTA can not avail any credit to pay service tax on GTA if he his availing the exemption of 75%.