Input credit in works contract.
This query is : Resolved
10 July 2014
In case, where service portion is 40%, 70%, 60% of total value.Further, 50% of service tax on service portion paid by both SP and SR respectively.Whether Service Receiver can take take INPUT CREDIT of total service tax paid or 50% of service tax paid by himself.(Composition Scheme)
10 July 2014
he can claim input of 100% (i.e 50% paid by himself and 50% paid by service provided but he can claim input of his share 50% after making of payment of service tax )
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