Work contract service -- urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2011
Dear sir,
I am working in contraction company and company is registered under service tax for providing works contract service.
At present , we are collecting 4.12 % service tax on Gross bill.
My query is :
whether i can take CENVAT Credit for input service. if yes kindly guide me and send notification or circular.
I am working in contraction company and company is registered under service tax for providing works contract service.
At present , we are collecting 4.12 % service tax on Gross bill.
My query is :
whether i can take CENVAT Credit for input service. if yes kindly guide me and send notification or circular.
11 January 2012
Yes, as per circular no.96/7/2007 dated 23.08.2007, under works contract(composition scheme - 4.12%), a service provider can avail cerdit on input services and also on capital goods but he is not entitled to cenvat credit on inputs (097.01/23.08.07)
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