Dear Sir,
I would like to know the calculation for paying the S. tAX on Transportation charges as per Reverse charge Mechanism and I have paid in previous FY 14-15, 15-16 can I avail the paid part as cenvat credit.
Thanks
Aneel
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Dear Sir,
I would like to know the calculation for paying the S. tAX on Transportation charges as per Reverse charge Mechanism and I have paid in previous FY 14-15, 15-16 can I avail the paid part as cenvat credit.
Thanks
Aneel
Old Query - New Comments are closed.
Sir, service tax on GTA is payable on 30% of freight amount. Further Cenvat credit is allowed to be taken only within one year. Thanks.
Sir,
Further to Ganeshan Kalyani's opinion, CENVAT credit should not have been taken by service provider for availing the abatement of 70%.
Old Query - New Comments are closed.