Goods Transport Agencies
Arun Shewale
can we take a benifit which is paid service tax on GTA.
Eligibility to Claim Cenvat Credit on Service Tax for GTA Services Explained: Reverse Charge Basis Applicable for Manufacturers A participant inquired about the eligibility to claim Cenvat Credit on service tax paid for Goods Transport Agency (GTA) services. Responses clarified that if the inquirer is a manufacturer or service provider with a tax liability and pays service tax on GTA under reverse charge, they can claim Cenvat Credit. The service recipient is responsible for paying the service tax on a reverse charge basis, which is eligible as input credit. A reference to a specific circular was suggested for further clarification. (AI Summary)
TaxTMI
TaxTMI