If a contractor is charging service tax under composition scheme at 40% of the total value of the works contract, can he claim cenvat credit?
Please guide me on cenvat credit of which all expenses can be claimed.
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Cenvat credit - works contract
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If it is a service relating to building, it will be disallowed.
In other cases,
6.18 % charged service tax will be available for credit and remaining 50% i.e. 6.18 % will be available next month when paid.
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