Abatement for works contract
This query is : Resolved
Sumesh A S
(Querist)
12 December 2013
Dear Sir/Madam,
Can i Deduct input service from the value of service under works contract for computing service tax
Can i Deduct input service from the value of service under works contract for computing service tax
AJITHKUMAR M
(Expert)
12 December 2013
Dear friend,
In my view, the valuation rule does not allow any such deduction for computation of service tax. VAT or Sales tax, if any, levied will not form part of the Gross amount.
In my view, the valuation rule does not allow any such deduction for computation of service tax. VAT or Sales tax, if any, levied will not form part of the Gross amount.
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