TMI BlogService tax GTA Payment CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, GTA Payment 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 uti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lize the same in paying the tax 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Seetharaman K C - The 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 mak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e this payment - Reply By Pradeep Khatri - 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-t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o to the place of removal. Further, for exporting of goods you may also avail the exemption as mentioned in the Notification No. 31/2012-ST. - Service tax GTA Payment Credit - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MUNIRAJ SRINIVASAN Dated:- 29-10-2012 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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