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TaxTMI 
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Cenat credit on GTA services
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....enat credit on GTA services<br> Query (Issue) Started By: - Shrikant Gaonker Dated:- 9-7-2011 Last Reply Date:- 18-7-2011 Service Tax<br>Got 3 Replies<br>Service Tax<br>A manufacturer of Sponge iron &....
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.... power imported coal ( zero % cenvat duty ) for use in his factory in the manufacture of sponge iron & power. About 1- 2% of the powder coal / fine coal generated, was later sold at nil rate of duty a....
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....s the coal was not attracting cenvat duty, at material time. Out of 1 lakh ton approx. of coal imported about 2000 ton is cleared outside the factory prior to 1.3.2011. Now the coal is attracting 5%....
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.... duty from 1.3.2011 . The dept is asking for payment of 10% duty on the value of powder coal cleared sating the service credit was availed on exepted goods. The service tax credit on GTA availed on c....
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....oal sold is negligible however the dept is insisting for 10% of value of coal sold to be paid as duty for last five years. Pl advise what best action can be taken not to get involve in any litigatio....
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....n on the issue . Reply By pradeep khatri: The Reply: Pay equiavalent CENVAT credit along with interest at applicable rate immediately. Reply By neeraj kumar: The Reply: I do agree with Mr Khatri's....
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.... view, Since you have availed cenvat credit on GTA services You are required to pay duty. You ahould not have availed of cenvat credit as you were engaged in the manufacturing of exempted goods. Repl....
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....y By Shrikant Gaonker: The Reply: THANK YOU SIR<br> Discussion Forum - Knowledge Sharing ....