Service tax - input credit
This query is : Resolved
PR.Santhosh
(Querist)
05 July 2012
Is builders opting for 4.944% compunding Service Tax catagory are eligible for get the credit of Input Tax incurred by them for sub-contract works while caluculating the service tax liability.
Madhukar N Hiregange
(Expert)
05 July 2012
Yes not only for the sub contractors but also any other Input Service credit as well as capital goods excise duty credit of equipment/ dumpers/ tippers used in the said activity.
Only input credits like cement/ steel etc isnotavailable.
Only input credits like cement/ steel etc isnotavailable.
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