Input tax credit
This query is : Resolved
02 August 2013
sir
Can A work contractor paying service tax by availing abatement @ 60% for material etc. take ITC. on all other input service like banking, telephone, insurance,or he is to restrict himself by taking ITC of services which he has used for providing that particular service in which he is registered.
Can A work contractor paying service tax by availing abatement @ 60% for material etc. take ITC. on all other input service like banking, telephone, insurance,or he is to restrict himself by taking ITC of services which he has used for providing that particular service in which he is registered.
02 August 2013
when abatement facility is used, no ITC is allowed
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