Input credit

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Manish Jain (Querist)
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30 August 2013 I want to know that a builder/developer can claim input credit of service tax on newly construction. he chargeing service tax on booking amount. he paid service tax to architecture, web developer etc.@ 12.36%.

CA Abhi Pandey

CA Abhi Pandey (Expert)
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30 August 2013 Yes, a developer can claim input credit of service tax for the liability arises on booking amount.

The same does not fall under reverse charge mechanism.

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Manish Jain

Manish Jain (Querist)
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31 August 2013 thanks sir,
but many of people saying that we are getting abatement in service tax rate @75%, so how we claim input credit, we already get exemption from govt.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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01 August 2024 https://docs.google.com/document/d/1L2KPCNZNIOMwtOQpBEM8cDpQ4WPkvDh3qLnp7iqx3kc/edit?usp=sharing

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