Abatement
This query is : Resolved
10 March 2014
We are builder in madurai., We have constructing the residential apartment in Madurai., We have pay the service on construction agreement value after taking the 60% abatement.,
My query is the our sub contractors rise the bill + service tax.,
we have eligible to take this amount on input?
My query is the our sub contractors rise the bill + service tax.,
we have eligible to take this amount on input?
10 March 2014
no credit allowed if abatement is opted for.
NARENDRA SONI
(Expert)
10 March 2014
If an assessee takes the option of availment of abatement, Input tax can not be claimed as per the provisions of act
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