Service tax input credit in case of works contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2016
Dear Sir,
We are a proprietorship having business in construction Sector i.e. facade Work.
We charged Service tax to our party @ 2.9%, 5.8%, 10.15% inclusing of Swachh Bharat Cess.
Please Creditior charges service tax @ 14.5% to us in there bill. Please guide us at what rate we can take Serivce tax credit of all this input service for exp and is there any reduction just like vat.
Please guide us.
Thanks in Advance.
Regards
We are a proprietorship having business in construction Sector i.e. facade Work.
We charged Service tax to our party @ 2.9%, 5.8%, 10.15% inclusing of Swachh Bharat Cess.
Please Creditior charges service tax @ 14.5% to us in there bill. Please guide us at what rate we can take Serivce tax credit of all this input service for exp and is there any reduction just like vat.
Please guide us.
Thanks in Advance.
Regards
CA R SEETHARAMAN
(Expert)
18 April 2016
Take full service tax credit if it is an input to your works on which service tax is paid by you.
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