Service tax input credit against abated services rendered
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2013
My Partnership firm is having Service Tax category under "Management or business consultant service, Maintenance or repair service, Construction services other than residential complex including commercial/industrial building or civil structures, Transport of goods by road/goods transport agency service, & Construction of residential complex service"
Advances against booking of flats have been received from the customers with 75% abated ST and ST collected @ 3.09%.
Our Contractors engaged for construction has charged the service portion @ 12.36%.
Question : I want to take the input credit of Service Tax paid @ 12.36% to contractors against the Service Tax collected from customers @ 3.09% for the quarter ended on March'13. Can I do so ?
Advances against booking of flats have been received from the customers with 75% abated ST and ST collected @ 3.09%.
Our Contractors engaged for construction has charged the service portion @ 12.36%.
Question : I want to take the input credit of Service Tax paid @ 12.36% to contractors against the Service Tax collected from customers @ 3.09% for the quarter ended on March'13. Can I do so ?
23 March 2013
Yes. After 01-07-2012, any person providing services of construction of residential/commercial building and availing abatement is eligible for availing cenvat of Input services.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- Tax rate change regarding
- Salary from Qatar in Dollars in India
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
