Service tax implications on private civil works
This query is : Resolved
08 August 2011
I want to know about service tax implication on Private Civil works.I have received work contract from X party and same work i have given for Sub contract to Y Party.My query is i am collecting service tax@10.3% to X.And again Y collecting service tax @10.3% from me.I think this is double tax.How i can avoid this double taxation.whether i have to get cenvat credit on works contract.Please advise me.
09 August 2011
you are eligible to take credit of service tax paid to Y party and set off the same while billing to X, however you are not eligible to avail abatement of tax rates, i.e you have to pay full rate of tax.
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