Service tax input credit
This query is : Resolved
03 October 2016
We are construction co. & registerd in work contract services under service tax,
We have purchased of software of rebar cad relating to construction work in which seller applied service tax
Can avail the credit of service tax ?
We have purchased of software of rebar cad relating to construction work in which seller applied service tax
Can avail the credit of service tax ?
CA R SEETHARAMAN
(Expert)
03 October 2016
Yes credit of service tax can be availed.
03 October 2016
please give some details for credit i.e. some supporting ?
CA R SEETHARAMAN
(Expert)
04 October 2016
Cenvat credit can be claimed on input service utilized for providing out put service. Refer Cenvat credit Rules 2004.
06 October 2016
ITS IN NATURE OF CAPITAL EXP, CAN WE AVAIL THE CREDIT ?
CA R SEETHARAMAN
(Expert)
06 October 2016
Yes avail 50% in the first year and balance 50% in the second year.
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