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Eligibility of credit on input services under noti.26/2012

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Querist : Anonymous

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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.
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CA Nishikant Jaiswal

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CA Nishikant Jaiswal (Expert)
30 April 2013 Yes,as per defination of Input Credit you can avail service tax cedit on such bills
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