Service tax GTA Payment Credit

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..... Service tax GTA Payment Credit
Query (Issue) Started By: - MUNIRAJ SRINIVASAN Dated:- 29-10-2012 Last Reply Date:- 30-10-2012 Service Tax
Got 3 Replies
Service Tax
Dear Sir, GTA Payment .....

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..... of Service tax Inword and outward charges , we can take input credit both Reply By rishi mohan: The Reply: the Cenvat Credit is very much available but one cannot utilize the same in paying the tax .....

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..... on GTA Input service. As per law, the tax under reverse charge mechanism (such as GTA, foreign commission etc.) has to be paid in terms of money only and not by credit. Reply By Seetharaman K C: The .....

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..... Reply: Cenvat credit can be taken, but payment of service tax under reverse charge mechanism needs to be settled in Cash only. Cenvat credit cannot be used to make this payment Reply By Pradeep Khat .....

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..... ri: The Reply: There is no restriction on availing CENVAT credit on GTA which pertains to inward freight but on outward freight it will be available only up-to to the place of removal. Further, for e .....

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..... xporting of goods you may also avail the exemption as mentioned in the Notification No. 31/2012-ST.
Discussion Forum - Knowledge Sharing .....

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