Refund of service tax to builder and developer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2014
A builder who is paying service tax @3.09% i.e 12.36% on 25% of total amount received from customers.His Labor Contractor has registered himself under service tax under VCES Scheme on Dec.2013 and has recovered Rs 7 lakhs (Approx) service tax from builder. Can builder claim refund of this service tax paid to the labor contractor as his project is complete before december 2013 or what is the remedy available to the builder please answer.
12 May 2014
No refund is available to builder, builder can take input credit of the same through Debit Note only for Input service and Capital inputs paid for the period after 1st july 2012.
13 May 2014
Agreed with Vijay Kua,no refund is possible .But the input service tax can be utilized against output service tax liability.
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