Input Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2010
We are civil contractors and we are registered with Sales Tax under composition scheme and accordingly we are charging 4.12% service tax on the total bill (i.e. 10.3% on 33% of the bill value).
We receive bill from labour contractor and he charges service tax 10.3% on the whole bill amount.
My question can we take service tax input credit of 10.3% which the labour contractor charges us
We receive bill from labour contractor and he charges service tax 10.3% on the whole bill amount.
My question can we take service tax input credit of 10.3% which the labour contractor charges us
CMA Ramesh Krishnan
(Expert)
10 August 2010
Since you are taking abatement on Service tax ( 67 %:33% proportion), you cannot avail input Service tax
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