9911796707
TMI BlogDUTY % & RATE OF INTERESTX X X X Extracts X X X X X X X X Extracts X X X X ..... DUTY % & RATE OF INTEREST X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 OutwardPlea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 avai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ENVAT credit on inputs, input services and on capital goods.
Regards,
Team YAGAY & SUN
(Indirect Tax Consultants) X X X X Extracts X X X X X X X X Extracts X X X X
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