Hi ,
We are the builders and developers, and we are paying consultancy fees with service tax.
Can we reclaim that service tax amount ? If it is , how can we reclaim that money ? Any returns to be submitted by us ?
Please guide me...
Thanks in advance
Geetha.K
Earlier builders were providing output service on construction of residential complex. Now they are not providing any output service, thus they dont have any liability to pay service tax. Therefore credit of input services are not allowed.
Even when some builders providing output service of work contract, they prefer to pay service tax under composition scheme, where credit is not allowed.
CAclubindia
