GTA-Abatement -CenVAT Credit

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..... GTA-Abatement -CenVAT Credit
Query (Issue) Started By: - guna ch Dated:- 26-12-2012 Last Reply Date:- 27-12-2012 Central Excise
Got 3 Replies
Central Excise
Dear Sir We are manufacurer of valves and fittings 1. We are paying the service tax @12.36% (75% Abatement) on GTA under reerse charge mechanism. is this service tax can we trated as CENVAT for our Excise Returns 2. we are pay .....

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..... ing service tax to our srvice providers on jobwork and testing charges . is this service tax can claim as CENVAT for Excise 3. as same as we are paying st on telephone charges Kindly suggest me is this can we cliam as CENVAT for Excise Reply By Pradeep Khatri: The Reply: First of all you would have to take an undertaking from the transporter that he is not availing the CENVAT credit on Inputs, .....

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..... Input services and on capital goods since your are availing the abatement @ 75% on the value of the bill. Now replies to your queries:- * Up to the place of removal you may avail the CENVAT credit. If the terms are FOR even then you may avali the CENVAT credit. * If the jobwork and testing charges are included in the assessable value of the finished, then, you may avail the CENVAT credit oth .....

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..... erwise not. * On Telephone charges, (on landlines and on Mobile phones), you may avail the CENVAT credit. Reply By guna ch: The Reply: Thank You Sir Kindly send me the notification rearding the above if any Can i refer CENVAT Rules 2004 Reply By Pradeep Khatri: The Reply: Yes, you may refer the CENVAT credit Rules, 2004.
Discussion Forum - Knowledge Sharing .....

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