https://www.taxtmi.com/forum/issue?id=109141 A trader engaged in commission/trading cannot claim Cenvat credit for inputs or input services linked to trading because trading is an exempt service; only credits for taxable activities like BAS are eligible. GTA input credit tied to trading is not available. Taxability of transport services depends on issuance of a consignment note: a GTA should issue a consignment note to qualify, while absence of a consignment note may mean no GTA treatment though some view GTA services as taxable in substance and subject to penalty for nonissuance. en-us Wed, 09 Sep 2015 17:35:54 +0530 Thu, 23 Jan 2025 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109141 A trader engaged in commission/trading cannot claim Cenvat credit for inputs or input services linked to trading because trading is an exempt service; only credits for taxable activities like BAS are eligible. GTA input credit tied to trading is not available. Taxability of transport services depends on issuance of a consignment note: a GTA should issue a consignment note to qualify, while absence of a consignment note may mean no GTA treatment though some view GTA services as taxable in substance and subject to penalty for nonissuance. Discussion-Forum Service Tax Wed, 09 Sep 2015 17:35:54 +0530 https://www.taxtmi.com/forum/issue?id=109141