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Service Tax on Trading of Goods

Service Tax - Started By: - deepak kalambate - Dated:- 23-12-2015 Last Replied Date:- 26-12-2015 - Dear Sir, We are manufacturer Exporter. Our major Input is Cotton Yarn. We are procuring Yarn from local market at NIL rate of CEx Duty (being most of the yarn manufacturers and working under Notfn. 30/2004 CE) as well as importing from various countries on payment of Customs Duty and also availing CENVAT of CVD/SED. We have Exported some quantity of Yarn (our Input) and it is shown as Traded Goods .....

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ply By YAGAY AND SUN - The Reply = No need to reverse the CENVAT credit as there is no duty/taxes on exports. Further, Rule 6 6 (v) of the CENVAT credit Rules should be brought to the kind knowledge of the Department. - Reply By deepak kalambate - The Reply = Service Tax Rule 6A (1) (c) Export of Services is applicable for this? - Reply By YAGAY AND SUN - The Reply = Not applicable, Since you are exporting goods on which such services were used in manufacturing of finished goods. - Reply By CS S .....

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