ITC on inward transportation

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, We are having 100 percent EOU unit and we are paying service tax on inward transportation 12.36 percent on 25 percent of transportation charges in connection with imported indigenous goods with availing abatement (75 percent ) . We are paying through Bank challan and taking credit in subsequent months. whether we can avail or not please clarify the same. Range superintendent is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... issuing a letter to reverse the same with interest. (We have not utilized the availed credit) Pl clarify the same - Reply By Dhanesh Kabadi - The Reply = ok, what ever Range superintendent is saying is right........GTA is coming under Reverse Charges Mechanism.. in Reverse Charge we don't having any facility to take Cenvat Credit........ - Reply By jagadesh kumar bhojanapalli Kumar - The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply = Dhanesh Kabadi version is 100 percent wrong. - Reply By Madhukar N Hiregange - The Reply = See the definition of input service in the cenvat credit rules. The input services [ which include services for receiving material] are eligible for credit and the same maybe utilized for payment of ED equivalent by the EOU or service tax if you are providing any refund can be sought. Please re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ply in detail to the letter IF issued as it is not in line with the law with a copy to higher officer by speed post acknowledgement due. Avoid any oral interaction with these type of officers who do not even read the law.. - ITC on inward transportation - Query Started By: - jagadesh kumar bhojanapalli Kumar Dated:- 5-4-2014 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowled .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X