Service tax credit eligibility
This query is : Resolved
Mohan Digambar Amdekar
(Querist)
05 January 2014
Since service tax credit on construction activities are banned to companies since 1.4.2011, my query is if company order some machinery from foreign party and get it installed from foreign party in newly constructed building. In this case company will pay service tax under reverse charge on Installation & com whether company will get credit of the ST paid on Installation & comm which is installed in newly constructed building ?
Thanks
Thanks
Annu Agarwal
(Expert)
05 January 2014
Sir please mention the reason for installation of the machine.Then only proper answer can be given.
CA PARTH SHAH
(Expert)
02 February 2014
The service tax you pay in reverse charge mechanism is considered as input service and is liable for cenvat credit
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