Cenvat on construction services
This query is : Resolved
08 January 2016
If a builder is providing construction services. It has input services on Works Contract. So can CENVAT Credit be taken of Works Contract against Construction Services? Kindly also provide me with some reference.
Urgent Reply Please
Urgent Reply Please
08 January 2016
Cenvat credit can be taken on input services on works contract for providing out put construction services.
You can refer cenvat credit rules.
You can refer cenvat credit rules.
08 January 2016
But as given in Rule 2(l) of Cenvat Credit Rules -
Inpur Service excludes services - service portion in the execution of a works contract and construction services including service listed under clause (b) of section 66E of the Finance Act (herein after referred as specified services) in so far as they are used for - (a) construction or execution of works contract of a building or a civil structure or a part thereof; or (b) laying of foundation or making of structures for support of capital goods - except for the provision of one or more of the specified services.
Kindly clarify in the same as in the same it is not a input service and therefore cenvat cannot be availed.
Inpur Service excludes services - service portion in the execution of a works contract and construction services including service listed under clause (b) of section 66E of the Finance Act (herein after referred as specified services) in so far as they are used for - (a) construction or execution of works contract of a building or a civil structure or a part thereof; or (b) laying of foundation or making of structures for support of capital goods - except for the provision of one or more of the specified services.
Kindly clarify in the same as in the same it is not a input service and therefore cenvat cannot be availed.
08 January 2016
U have rightly quoted the definition but in words except for provision for one or more services includes subcontracting services hence builder can take the cenvat of same however If he is claiming abatement then CCR of input goods not allowed
08 January 2016
Thank you very much. I also realised later the word 'except' - it was like hidden for me. Thank you once again.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- Journal entry of busniess expenses
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
