TaxTMI 
TaxTMI 
Credit on GTA - Period to avail credit - Penalty for availing wrongly credit on GTA - Excise invoice
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....redit on GTA - Period to avail credit - Penalty for availing wrongly credit on GTA - Excise invoice<br> Query (Issue) Started By: - vijay chitte Dated:- 2-2-2006 Last Reply Date:- 4-2-2006 Service Tax....
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....<br>Got 1 Reply<br>Service Tax<br>We have pay the service tax on GTA, we have mfg. unit. Still(01-01-2005)we have not take any credit on GTA, Now we want to take credit on GTA Which product ared dutia....
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....ble. My Queries:- can we take credit on GTA which products are dutiable? yes/No any specified period to aviil the credit on GTA? Any penalty for availing a wrongly take a credit on GTA? Any obligation....
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.... to avail the credit on GTA? Any specified invoice to pass one the credit? can we pass one the credit on the basis of cenvat credit preprinted Excise invoice which available in market? if No. Any spec....
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....ified invoice available? your valuable sugation is highly appreciated vijay chitte Reply By Surender Gupta: The Reply: Yes, you can avail the credit of service tax paid on the services of goods trans....
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....psort agency (including service tax paid in the capacity of consignee or consignor). There is no specific time limit to avail the cenvat credit. If you have availed the credit worngly, you are require....
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....d to reverse the same alongwith interest, if any. Liability of penalty is not automatic, it depends on various factors but first step is Show Cause Notice must be issued by the department.<br> Discuss....
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