Input credit
This query is : Resolved
Manish Jain
(Querist)
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
(Expert)
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.
The same does not fall under reverse charge mechanism.
Message likes :
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Manish Jain
(Querist)
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.
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.
01 August 2024
https://docs.google.com/document/d/1L2KPCNZNIOMwtOQpBEM8cDpQ4WPkvDh3qLnp7iqx3kc/edit?usp=sharing
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