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Credit on GTA - Period to avail credit - Penalty for availing wrongly credit on GTA - Excise invoice

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..... Credit on GTA - Period to avail credit - Penalty for availing wrongly credit on GTA - Excise invoice
Query (Issue) Started By: - vijay chitte Dated:- 2-2-2006 Last Reply Date:- 4-2-2006 Service Ta .....

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..... x
Got 1 Reply
Service Tax
We have pay the service tax on GTA, we have mfg. unit. Still(01-01-2005)we have not take any credit on GTA, Now we want to take credit on GTA Which product ared duti .....

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..... able. My Queries:- can we take credit on GTA which products are dutiable? yes/No any specified period to aviil the credit on GTA? Any penalty for availing a wrongly take a credit on GTA? Any obligatio .....

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..... n to avail the credit on GTA? Any specified invoice to pass one the credit? can we pass one the credit on the basis of cenvat credit preprinted Excise invoice which available in market? if No. Any spe .....

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..... cified invoice available? your valuable sugation is highly appreciated vijay chitte Reply By Surender Gupta: The Reply: Yes, you can avail the credit of service tax paid on the services of goods tran .....

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..... spsort agency (including service tax paid in the capacity of consignee or consignor). There is no specific time limit to avail the cenvat credit. If you have availed the credit worngly, you are requir .....

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..... ed to reverse the same alongwith interest, if any. Liability of penalty is not automatic, it depends on various factors but first step is Show Cause Notice must be issued by the department.
Discus .....

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..... sion Forum - Knowledge Sharing .....

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