Service tax on works contract
This query is : Resolved
Ruchi Agarwal
(Querist)
28 December 2013
A Pvt. Ltd. Co. is a Work Contractor providing work contract services to XYZ Pvt. Ltd. Co.It is a Composite Contract i.e. with material and Labour Contract. We are charging Service tax on composite Scheme i.e. on 40% of total amount charged as per Rule 2A(ii) of Service Tax(determination of Value)Rules, 2006.
I have a doubt that whether A Pvt. Ltd. Co. is eligible for CENVAT CREDIT on Input Services & Capital Goods?
I have a doubt that whether A Pvt. Ltd. Co. is eligible for CENVAT CREDIT on Input Services & Capital Goods?
CA DHEERAJ
(Expert)
28 December 2013
IF YOU GO FOR COMPOSITION SCHEME (I.E. 40 % OF GROSS AMOUNT) THEN YOU HAVE NOT ELIGIBLE FOR CENVET CREDIT WHETHER INPUT SERVICES OR ON CAPITAL GOODS
CA. RAVIKUMAR
(Expert)
30 December 2013
Hi,
You are eligible for Cenvat credit on capital goods, cenvat on Input services but not eligible for Cenvat on Inputs
for more details refer my article available in below link.
https://www.caclubindia.com/articles/service-tax-on-construction-industry-overview-18781.asp#.UsBsKPQW0XM
You are eligible for Cenvat credit on capital goods, cenvat on Input services but not eligible for Cenvat on Inputs
for more details refer my article available in below link.
https://www.caclubindia.com/articles/service-tax-on-construction-industry-overview-18781.asp#.UsBsKPQW0XM
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