Eligibility of credit on input services under noti.26/2012
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2013
We are a Partnership Firm of Builders & Develoers engaged in activity of Construction of Complex . we are getting the construction & other work from our sub contractor & we are receiving the bills form him for his labour work + service tax.
So My question is are we eligible to avail the service tax credit on such bills for paying out put service tax on Construction of complex service on abated value (25%).
My one more question is whether any other service tax liability arise on us?
Note:- Big reason to ask the question is our service tax credit is huge as compare to our Service tax liability on abated value.
So My question is are we eligible to avail the service tax credit on such bills for paying out put service tax on Construction of complex service on abated value (25%).
My one more question is whether any other service tax liability arise on us?
Note:- Big reason to ask the question is our service tax credit is huge as compare to our Service tax liability on abated value.
30 April 2013
Yes,as per defination of Input Credit you can avail service tax cedit on such bills
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