Hi Sir,
I had a small doubt on RCM
Ours a Construction Company, we are receiving services such as
1.works contract
2.Man Power Supply
and we are liable to pay Service tax under RCM.
Here my doubt is whether can we claim Input Credit of Amount which we are paying under RCM to Department ?
Let me give an Example.
We received a service of man power supply for July, for which invoice raised for Rs.100 and we paid 100(1+14%) ie.114 out of which 100 is credited to party and 14 is paid to Department. can we take credit of Rs.14 paid to department ? If so when?
Thanks & Regards
sasidhar. V
CAclubindia
