Input credit-wct- construction services
This query is : Resolved
03 November 2012
Dear Expert
Kindly briefly describe & give valuable guidence 0n the following.....no but ..because..
In 2011-12 we got an order of Industrial building construction work ,we had offload the entire work to sub-contractor.under our supervision,D&E ,he execute work by charging service tax on 33%.We had opt. for composition hence we charged 4% ser tax to Client .
Would we be eligible to take credit of 33% charged by sub contractor. If no than why? URGENTLY PLEASE
Kindly briefly describe & give valuable guidence 0n the following.....no but ..because..
In 2011-12 we got an order of Industrial building construction work ,we had offload the entire work to sub-contractor.under our supervision,D&E ,he execute work by charging service tax on 33%.We had opt. for composition hence we charged 4% ser tax to Client .
Would we be eligible to take credit of 33% charged by sub contractor. If no than why? URGENTLY PLEASE
16 November 2012
No in case of composite scheme no adjustment facility is available. Just pay on the gross and the chapter us closed
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