Transitional credit in case if work contract service
A contractor providing civil services was paying service tax under work contract service as 15% ST on 40% of basic price being original work. Now in GST can he claim credit of excise duty on stock of inputs ,if duty paid documents are available. ? In service tax he was eligible to claim credit of only capital goods and input services.
Replies (2)
" in GST can he claim credit of excise duty on stock of inputs ,if duty paid documents are available.'
Yes........ fill form TRAN 1
Could you please guide whether he will get the credit of only inputs in stock or the inputs which has already been used in building (i.e. WIP).i..e For example: Builder constructed half floor of a building as on 01 July 2017. the bricks, cement use in that half floor would be considered as inputs contained in semi finished goods?
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