TMI BlogCenat credit on GTA servicesX X X X Extracts X X X X X X X X Extracts X X X X ..... A manufacturer of Sponge iron 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 as 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 pri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or to 1.3.2011. Now the coal is attracting 5% 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 coal 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 advi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se what best action can be taken not to get involve in any litigation 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 view, Since you have availed cenvat credit on GTA services You are required to pay duty. You ahould not have availed of ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nvat credit as you were engaged in the manufacturing of exempted goods. - Reply By Shrikant Gaonker - The Reply = THANK YOU SIR - Cenat credit on GTA services - Query Started By: - Shrikant Gaonker Dated:- 9-7-2011 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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