Chartered Accountant
39039 Points
Posted on 03 October 2009
The credit for the commercial construction is available 100% even where part of the premises used for non taxable activity. This does not seem to have been extended for works contract.[ in my view it should have been done]
However hwere the whole building is used for the porvding taxable services there is no doubt that the credit is fully available.
If not rule 6 maybe referred.