Works contract
This query is : Resolved
Asish prasad Misra
(Querist)
12 October 2012
Dear experts pls clarify my doubt:
My company is in the field of explosives manufacturing . to kept the explosives we built godowns in our factory premises. for this we gave contract. my question is that we are paying the Works contract taxes, as the contractor is not register under service tax. can we take the cenvat credit of the same WCT.
thanks in advances.
My company is in the field of explosives manufacturing . to kept the explosives we built godowns in our factory premises. for this we gave contract. my question is that we are paying the Works contract taxes, as the contractor is not register under service tax. can we take the cenvat credit of the same WCT.
thanks in advances.
13 October 2012
Since you are depositing service tax under reverse charge, you are eligible for CENVAT credit on the basis of the challan.
This is irrespective of the liability of the service provider.
This is irrespective of the liability of the service provider.
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