Service tax paid under RCM ( @ 50-50 under works contract) on construction of sewage treatment plant. Are eligible to take credit of the same considering it as a part of production ?
Kindly revert urgently.
Menu
Service tax under rcm on construction of sewage treatment pl
Replies (1)
ST paid on Works contract is not allowed as credit because the same has been specifically excluded from the definition of input service as defined in Rule 2(l) of Cenvat Credit Rules,2004.
However,credit is allowed if the services are availed by main contrator from sub contractor.
Recent Topics :
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
Related Topics :
CAclubindia
