cenvat after taking abatement

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cenvat after taking abatement
Query (Issue) Started By: - sarat sahoo Dated:- 6-8-2016 Last Reply Date:- 7-8-2016 Service Tax
Got 7 Replies
Service Tax
Sir One assesse avails the abatement of 70 percent and pays only service tax on 30 percent of the taxable value of input service. After payment of service tax on 30 percent , avails cenvat credit of that paid service tax amount. it as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... per rule ? can both abatement and cenvat taken in GTA, works contract, rent a cab ? Reply By KASTURI SETHI: The Reply: For GTA answer is NO for GTA and Rent-a- Cab. Regarding WCS there are restrictions/conditions. Go through Notification No. 24/12-ST. Reply By SHIVKUMAR SHARMA: The Reply: If The Assessee is Manugacturer & he Paid Freight for Inward Material & for outward goods up to the place .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of removal he can avail the cenvat Credit in case of GTA service after abatement of 70%on taxable value on the basis of GAR 7 Challan. Reply By sarat sahoo: The Reply: Sir Assesee is a storage outlet . After of availment of abatement by which notification he is elligible for cenvat credit Reply By KASTURI SETHI: The Reply: Sh.Sarat Sahoo Ji, I agree with Sh.Shivkumar Sharma on this point. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply By JSW CEMENT LIMITED: The Reply: If the Assessee is a storage outlet, he is not a manufacturer but if he is a service provider of storage and warehousing service and paying service tax on such service, he is eligible to avail cenvat credit on GTA after abatement of 70% based on the copy of echallan. Reply By Ganeshan Kalyani: The Reply: Sir, GTA is eligible for CENVAT. WCT is subject .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to conditions. Rent-a-car not allow as credit (only on appeal -allowed). Thanks. Reply By KASTURI SETHI: The Reply: I agree with all experts. They have expressed correctly. What I want to say GTA Service Provider i.e. Transporter cannot avail abatement and Cenvat Credit simultaneously in terms of Notification No.26/12-ST dated 20.6.12 (Serial No.7)
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X