GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Eligibility of Cenvat credit -Service tax charged on Freight charges (Transported by Vessels)

Service Tax - Started By: - abc abc - Dated:- 21-4-2016 Last Replied Date:- 21-4-2016 - Dear Sir/Madam, We have manufacture of packaging products and registered in Excise as well as Service Tax. We are importing our raw material from out of country and the clearance of the same, we have received several bills from CHA in form of Clearing charges, Handling Charges and Freight charges- transport by vessels (By rail container one port to another port in India). In this regards, we have received fre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ip;……………… Regards, NJ - Reply By Ganeshan Kalyani - The Reply = Sir, the service tax charged by Container Corporation of India on transportation of goods by rail seems to be incorrect. The abatement has been rationalized to 70% and 30% of freight charges is taxable under service tax and not 40% as mentioned in your query. Further, the Notification no.8/2015 prescribes conditions that 'CENVAT credit on inputs, capital goods and input services, used fo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version