Wednesday, 4 March 2015

Prior to 1-3-2008, assessee could pay ST on GTA service under reverse charges using cenvat credit

Cenvat Credit : Rule 3(4)(e) provides that Cenvat credit may be utilized for payment of service tax on any output service; hence, service tax on GTA services received under reverse charge, which amounted to output services, could be paid by utilizing Cenvat Credit balance


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