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Utilisation of Cenvat for payment of service tax, Service Tax |
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Utilisation of Cenvat for payment of service tax |
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CAN A 100% EOU USE CENAVT CREDIT OF INPUTS & INPUTS SERVICES TOWARDS ADJUSTEMNT OF LIABILITY OF SERVICE TAX OF TRANSPORTATION OF RAWMATERIALS.THE UNIT IS EXPORTING MANUFACTURING & EXPORTING GOODS ONLY.SOME REJECTS ETC ARE SOLD LOCALLY AS DTA SALES. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
To pay service tax on GTA service, whether inward or outward, no cenvat credit is available. This principal is applicable to EOU also.
the payment of service tax on gta service could be made from cenvat account only upto 01.03.2008. from 01.03.08 the gta service is no more an output service hence the service tax on such service has to be made from cash.
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