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Input credit

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(Querist)
15 January 2014 Dear All,

Greetings of the day !

I have a query of my friend which I am not satisfied with the answer given by my seniors but I will with your answer.

The Assessee is registered for service tax. Now he is getting the new building constructed and for that he is required to pay different kinds of bills (including service tax)like consulting engineering services bill etc.
The question is can he take the input credit of the service tax paid to the consulting engineer or is he liable to capitalized in to the construction cost?
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Porwal Consultancy

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Porwal Consultancy (Expert)
15 January 2014 Service tax input credit will not be available if abatement under notification no 26/2012-St dtd 20.06.2012 is avalied. (Sr No. 12). If service tax is discharged on full value, than only input credit will be available, which i feel wont be advisable.
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