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St input credit on works contract
kindly clarify whether Service tax input credit can be claimed by a IT company on st paid on workscontract service (civil works,maintenance and RCM)...
Replies (2)
Cenvat credit of Service tax paid on works contract can be aviailed by IT company except for:
In respect of construction of builiding or part /laying of foundation or making support of structures for support of capital goods :
- Port
- Other Port
- Airport
- Commercial or Industrial Construction
- Consturction of Complex
- Works Contract
- Architect Services
Experts please do provide your valuable feedback !
with ref to point # 5.eligible input services in the link: www.bcasonline.org/knowledge/topic_des.asp?893 please clarify wht point #3 means with regard to exclusions from the meaning of input services. Also clarify whether input can be claimed on rcm paid on works contract for new works, repairs n maintenence and other category of works contract. The company in in no way uses them for providing output services.
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