Abatement and construction service
This query is : Resolved
30 December 2009
Can a service provider forego the abatement of 67% during the year in the case of an ongoing contract and start paying service tax on full value and CLAIM CENVAT CREDIT FROM THE DATE ON WHICH HE STARTS PAYING ON FULL VALUE AT FULL RATE WITHOUT ABATEMENT. CAN DEPARTMENT SAY THAT ABATEMENT OPTION ONCE EXERCISED CANNOT BE WITHDRAWN IN THE MID OF THE YEAR.
30 December 2009
In my views you should take credit of excess service tax paid,and utilised in future service tax payment.
And now srtart the service tax payment to consider 67% abatement.
And now srtart the service tax payment to consider 67% abatement.
30 December 2009
I think department is right , if you are opted for abatement again you cannot switch over to regular,otherwise you have to re calculate from project starting till now the regular scheme
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
