Works contract

This query is : Resolved

Asish prasad Misra (Querist)
Follow

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.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

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.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now