Rule 6(3) in construction activity
This query is : Resolved
Manoj Desai
(Querist)
29 September 2016
Hii,
In Construction activity we have book the Flat after 1st April 2016 & Received Amt of Rs. 50 Lakh & Service Tax we have paid @15% of Rs. 2,25,000/- After some time Flat is cancelled and we have make Monthly payment to the customer as Part Payment of Rs. 25 Lakh......can we gate full Revers Cenvat Credit or Partyl Reverse Cenvat Credit????
In Construction activity we have book the Flat after 1st April 2016 & Received Amt of Rs. 50 Lakh & Service Tax we have paid @15% of Rs. 2,25,000/- After some time Flat is cancelled and we have make Monthly payment to the customer as Part Payment of Rs. 25 Lakh......can we gate full Revers Cenvat Credit or Partyl Reverse Cenvat Credit????
Arun Kumar Singh
(Expert)
29 September 2016
Yes, you can take the 100% service tax paid amount.
Manoj Desai
(Querist)
29 September 2016
yes i will take 100% credit.....but I am paying Rs. 25 Lakh so i will take Party Cenvat or Fully Cenvat Credit???
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