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TMI BlogAdjustment of Service Tax on Goods Transport SerivesX X X X Extracts X X X X X X X X Extracts X X X X ..... Adjustment of Service Tax on Goods Transport Serives X X X X Extracts X X X X X X X X Extracts X X X X ..... l, I make a provision for payment of Service Tax on payment to Goods Transport services. Can i adjust the service tax payable for Goods Transport service against my cenvat credit of Service Tax or I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... have to deposit the same. Reply By Brijesh Verma: The Reply: The tax has to be paid monetarily. However, recently certain judgments have been seen which state that the same can be paid through Cenva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Credit also. GTA has been removed from the definition of 'Output Service' and consequently the tax cannot be adjusted out of Cenvat Credit. Reply By ANAND SHEMBEKAR: The Reply: Dear Mr. Pradeep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... You have to pay the service tax on GTA services availed on reverse charge method .You can avai the abatement of 75% of taxable value of GTA bills paid subject to completion of some procedures . You h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ave to pay the GTA by deposit of GAR - 7 Challans. However for inward transportation of goods and outward transportation upto the place of removal ( depots ) you can take cenvat credit also. Please fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llow this 1.On LR copy and Bill should mentioned that ' NO Cenvat credit is taken for providing GTA Service' 2. see other exemption notifications relating to small freight amount upto Rs 750 or Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 1500
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ANAND SHEMBEKAR
CELL 9421187122 X X X X Extracts X X X X X X X X Extracts X X X X
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