CA Practice
40 Points
Joined December 2012
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Originally posted by : arun |
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Can cenvat credit on input services be adjusted against service tax payable on works contract ? |
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Even if Partilal abatement is excersiced, Person providing services under works contract can take CENVATcredit of input services and capital goods. . But if service tax paid is in relation to erection , commissioning, installation, commercial or industrial construction of complex , then only 40% of the service tax would be considere for CENVAT credit. . .