can anyone plz guide me with how can a service recepient claim input of tax paid by him....
say in case of labour contract reciever pays 75% of tax directly to govt and rest 25% thru the bill...
then on how much amt can he claim input? 25%or 75%or full 100%
plz reply asap
thanks
@ tasbih, you can claim 100% cenvat credit. 25% after making the payment to the party and clearance of cheque from bank and balance 75% on the strength of your payment challan.
Regards
Anandan.s
Shyam Joshi & Associates
Pune
B.Com
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
CAclubindia
