TaxTMI 
TaxTMI 
Dear Experts,
We are an Manufacturer-Exporter & pay ST by GAR-7/Challan on GTA (Inward-Outward) Services.
As per Notification 13/2011-CE(NT) if we cant pay to tranporter within 3 Months can we need to reverce CENVAT Credit?
Regards
GTA Service - 13/2011CE(NT)
07 Feb 2012 
8 Replies 
1449 Views Asked by
Cenvat credit reversal required if payment to transporter is not made within three months; credit reclaimable after payment made.
Where the value of the input service and the service tax payable thereon are not paid to the service provider within three months of the invoice/bill/challan date, an amount equal to the cenvat credit availed on that input service must be reversed; the reversed credit may be reclaimed once the outstanding payment is actually made, restoring eligibility to take cenvat credit on that service. (AI Summary)
Where the value of the input service and the service tax payable thereon are not paid to the service provider within three months of the invoice/bill/challan date, an amount equal to the cenvat credit availed on that input service must be reversed; the reversed credit may be reclaimed once the outstanding payment is actually made, restoring eligibility to take cenvat credit on that service. (AI Summary)