Service tax on contract receipts
This query is : Resolved
30 July 2012
our client has busines of works contract and he has turnover of Rs.3 crore on which service tax at the prescribed rate of 4.12 % ( after taking abatement ) is coming around 12 lacs.
on the above mentioned case can we take the setoff of service tax paid to CA , sub contractors , labour contractor , etc ?
please suggest any firther benefit available to this business
on the above mentioned case can we take the setoff of service tax paid to CA , sub contractors , labour contractor , etc ?
please suggest any firther benefit available to this business
30 July 2012
No. Set off can not be claimed.
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