A contract has been awarded form state DISCOM for supply of energy/electricity meter and installation of such supplied meters using service cable, GI wire etc and dismantle the old existing meter from consumer house. Supply & installation rate are separately awarded.
In this case, Supply billing of the meter to DISCOM under tariff heading of 9028 has been done by charging the tax @ 18%. Services of installation of electricity meter under tariff heading of 995461.
Subsequently our sub contractors were also billed us under the same SAC 995461 & claiming tax @ 18%, for which we are taking the input credit.
Please guide us about the above is it correct or need to some modification.
CAclubindia
