Credit of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2012
Whether a company can avail credit of service tax on Construction bill of Factory Building. The contractor charges service tax 12.36% on 33% value of total bill amount. ( after availing 67% abatement). Whether we claim credit of service tax.
NILESHKUMAR
(Expert)
02 June 2012
w.e.f. from 1.4.2011 it is not permissible. In Union Budget 2012-2013 Govt. has define Negitive list but still notifications clarifying this is still awaiting. In this circumstances The finalce bills 2012-2013 has met ascent of parliament on 30.5.2012. you have to wait some more time till CBEC issue guidelines for the same.
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