TaxTMI 
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TaxTMI 
DUTY % & RATE OF INTEREST
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....UTY % & RATE OF INTEREST<br> Query (Issue) Started By: - NANDA H.L. Dated:- 19-3-2014 Last Reply Date:- 19-3-2014 Service Tax<br>Got 2 Replies<br>Service Tax<br>GOOD MORINGIn financial year 2011-12 & ....
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....2012-13 we have not paid the Service Tax towards GTA. Now we are paying the same. 1. As I understand, for the period Apr11 to Mar12 we need to pay Service Tax 10 percent & interest rate 18 percent 2. ....
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....For the period from Apr12 ST to be pay at the rate of 12 percent .3. We availing 75 percent abatement. ST will be paid on 25 percent , can we avail the credit for Freight Inward & Freight OutwardPleas....
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....e suggest. Reply By Naveed S: The Reply: Whatever you have mentioned above is correct and as such there is no suggestion, except that (i) freight outward credit is eligible upto the place of removal ....
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....and (ii) input credit can be availed only after making cash payment thereof. Reply By Pradeep Khatri: The Reply: Dear Nanda H.L. You can avail the CENVAT credit on freight inwards but you can avail....
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.... the CENVAT credit on outward freight up-to place of removal only. Further, for availing the benefit of abatement you must obtain the declaration from your Transporter that they have not avail the CE....
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....NVAT credit on inputs, input services and on capital goods. Regards, Team YAGAY & SUN (Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....