Input credit

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Deepesh Ashwin Shah (Querist)
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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.

CA Vikas Acharya

CA Vikas Acharya (Expert)
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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"

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Deepesh Ashwin Shah

Deepesh Ashwin Shah (Querist)
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23 April 2013 Regret,in rush I mentioned 1% ST. you are right ST is 3.708%.

Further, thanks for the reply.

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