Dears service tax experts-i have a query regarding builders

This query is : Resolved

Manoj Saini (Querist)
Follow

10 April 2013
Dear All Experts,
My Query is as under …….
A Builder is engaged in providing service of construction of building/flats. He constructed Flats for sale to buyer. He has sales the flat including value of land and some payment received in advance. In same case service tax is applicable as “Construction Builder service”, and He has taken the abatement of 75% according the notification No. 26/2012 dated 20.06.2012. But now still I have a confusion regarding Input-Input Service-Capital Goods CENVAT credit. I have following Queries in same case :-
1. Builder can taken CANVET of Input service and capital goods along with the Abatement benefit according to which notification?
2. What is the difference between Input-Input Service and capital goods CENVAT?
3. Any specific condition/circulars for taken abatement and CENVAT for construction service.
Please clear my above doubts…

CA NIKHIL OZA

CA NIKHIL OZA (Expert)
Follow

12 April 2013 1. Condition to avail 75% abatement has been amended and as of now there are 2 conditions:-
I) Consideration for flat should be inclusive of Cost of land
II) No credit of exice paid on INPUTS is claimed(earlier no cenvat credit was allowed).
As such credit of exice paid on capital goods and service tax paid on input services can be claimed.

2.For difference between input, capital goods and input service just go through there definitions.

3.Only 2 conditions which are mentioned as above.

For any further Query you can contact me on:-
nnozaca@gmail.com or +91 8149446650.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Tushar Gupta

madhuseshu yathirajam

CA.K.RAMAKRISHNA. PRABHU

Krishnan V

chandradhass sathish

Subscribe Now

Dears service tax experts-i have a query regarding builders

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA