Dear sirs,
I have a doubt regarding the input tax credit of Service tax paid to Subcontractors. I will explain u in detail as follows:
I am working for a ABC construction company at Hyderabad in Andhra Pradesh
we had given a construction contract to XYZ subcontractor.
we are collecting service tax @ 3.09% from customers,
my doubt is that if we pay Rs.1,00,000/- + taxes to XYZ subcontractor on 21.11.2013
what is the Service tax and APVAT implications and how i can file returns to the departments, and can i get the input for the taxes paid to XYZ.
subcontractor demanding 4.944% of Service tax, how can i pay this amount to him.
please helpme out