TaxTMI 
TaxTMI 
GTA Service - 13/2011CE(NT)
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....TA Service - 13/2011CE(NT)<br> Query (Issue) Started By: - P Ovhal Dated:- 7-2-2012 Last Reply Date:- 15-2-2012 Service Tax<br>Got 8 Replies<br>Service Tax<br>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 Repl....
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....y By ka velayutham: The Reply: dear sir, i am paying gta service outward freight charges not taken cenvat credit. if any possbile taken for cenvat credit. regards, K.A.Velayutham Reply By Naveed S: The Reply: The Notification 13/2011-CE(NT) refers to payment of the value of input service and the service tax paid/payable thereon. As transport of goods by road is also a taxable service, there....
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....fore any payment not made to the service tax provider within 3 months time period ( from the date of the invoice, bill or, as the case may be, challan);,the same is required to be reversed. However, the credit can be availed again after making such payments.. It is advisable to maintian a separate record for such reversal and recedit availed during the financial year, as the same may be verified....
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.... by the Officers at the time of assessment of returns and also during Audit of the firm. Reply By Naveed S: The Reply: Mr. K.A.Velayutham, cenvat credit on the freight charges paid, can surely be availed. Make a list of all such payments made in the current financial year and then avail credit thereon. Reply By NEERAJ KUMAR, RANCHI: The Reply: Dear Mr Ohval, As far as I understand in case of....
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.... transporter service tax is paid by the receipients of services and not by the transporter. If service tax is paid by you there is no point of not taking credit of that. Reply By P Ovhal: The Reply: Dear Mr. Naveed, The volume of GTA services (Recd.) very huge, We received about 90-100 bills in the month and we paid ST against single GAR-7 Challan. Then, we needs keep the track about the bills....
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.... payment? Please advice Reply By Naveed S: The Reply: Dear Mr. P Ovhal, It is advisable to avail cenvat credit only after payment is made for the value of input service and the service tax payable thereon. In this way, there shall be no need for keeping track of so many Bills. It is interesting to note that the said Notification does not speak about interest payment, in case credit is availed....
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.... and reversed within three months time period, if payment for the same is not made. Reply By tushar garg: The Reply: As per Notification 13/2011-CE(NT) if we cant pay to tranporter within 3 Months can we need to reverce CENVAT Credit? Yes as per second proviso to rule 4(7) of CCR, 2004, if the value of input service and the service tax paid thereon is not paid within 3 months of the date of i....
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....nvoice, then payment has to be made of an amount equal to Cenvat availed. However after making the aforesaid payment, the service provider will become re-eligible to take cenvat credit paid by him earlier. Reply By tushar garg: The Reply: As per Notification 13/2011-CE(NT) if we cant pay to tranporter within 3 Months can we need to reverce CENVAT Credit? Yes as per second proviso to rule 4(7....
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....) of CCR, 2004, if the value of input service and the service tax paid thereon is not paid within 3 months of the date of invoice, then payment has to be made of an amount equal to Cenvat availed. However after making the aforesaid payment, the service provider will become re-eligible to take cenvat credit paid by him earlier.<br> Discussion Forum - Knowledge Sharing ....