Home Forum Service Tax Month 6 2006 2006 (6) This
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Eligibility of cenvat credit on GTA - Service TaxExtract A limited company is producing the goods which are attracting state excise duty on its final product. It purchases the raw material, packing material. The transporataion of these items result into payment of freight and as per service tax act the company is depositing the service tax on freight after availing abatement of 75% on freight amount. The company also uses the transport facility for sending its finished products to its customers. In the process it also deposits the service tax on this outward freight also after availing 75% abatement. Plz advise whether the company is eligible for CENVAT credit on the service tax deposited on inward and outward freight. If yes then specify the relevant rule/section. If not then why ? regards
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