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Service tax/vat input credit availment

This query is : Resolved 

28 November 2015 Please clarify :
Companies opting for Composite Scheme under service tax :
Can they take inputs service tax paid to sub-contractors and other service providers ?
What is the procedure for opting for schemes
Companies opting for Composite Scheme under Works Contract :
Can they take inputs tax paid on Materials etc ?
What is the procedure for opting for schemes

Read more at: https://www.caclubindia.com/forum/service-tax-vat-input-credit-availment-342095.asp

28 November 2015 They can take input service tax paid to sub contractors and other service providers under composite scheme.
Opting for the scheme is filing ST 3 return based on option.
They can't take input tax on materials.

28 November 2015 Thanks Mr Seetharaman




28 November 2015 Thanks Mr Seetharaman



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