9911796707
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 ..... Dear all, 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through Cenvat 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 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 so ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me procedures . You have 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 follow 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 freigh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t amount upto Rs 750 or Rs. 1500 Thanks ANAND SHEMBEKAR CELL 9421187122 - Adjustment of Service Tax on Goods Transport Serives - Query Started By: - Pradeep Kaushik Dated:- 9-2-2011 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
