service tax claim on GTA
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CENVAT credit on freight services available up to place of removal and usable against excise duty.
Payment of service tax on freight services qualifies for CENVAT credit when such services are inward transportation of inputs or outward transportation of final products up to the place of removal, and that credit may be utilized against excise duty payable; the place of removal is the location where ownership of goods transfers. (AI Summary)
Payment of service tax on freight services qualifies for CENVAT credit when such services are inward transportation of inputs or outward transportation of final products up to the place of removal, and that credit may be utilized against excise duty payable; the place of removal is the location where ownership of goods transfers. (AI Summary)
Dear After deposit the service tax on freight inward/outward [on 25% amount] , can we get credit of such service tax amount & can be utilised for payment of excise duty payable.
TaxTMI