Input credit
This query is : Resolved
Deepesh Ashwin Shah
(Querist)
22 April 2013
Can a real estate builder and developer claim input tax credit on the Service tax paid on GTA services availed by him (against 1% service tax payable on advances received against sale of flats)
Request you to provide relevant section too.
Many Thanks.
Request you to provide relevant section too.
Many Thanks.
CA Vikas Acharya
(Expert)
22 April 2013
dear deepesh 1stly you are requested to inform us about this 1% service tax on real estate builder,
because as far i know even after abatement it comes to 3.09%
And after 1.4.13 it is 3.708%
though if ur case is the same is allowed as
in notification 26/2012 ccr of capital goods and input service is allowed.
Now in definition of input service under rule 2(l) of ccr specifically given:
"inward transportation of inputs or capital goods and outward transportation up to the place of removal"
because as far i know even after abatement it comes to 3.09%
And after 1.4.13 it is 3.708%
though if ur case is the same is allowed as
in notification 26/2012 ccr of capital goods and input service is allowed.
Now in definition of input service under rule 2(l) of ccr specifically given:
"inward transportation of inputs or capital goods and outward transportation up to the place of removal"
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Deepesh Ashwin Shah
(Querist)
23 April 2013
Regret,in rush I mentioned 1% ST. you are right ST is 3.708%.
Further, thanks for the reply.
Further, thanks for the reply.
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