29 December 2015
WE ARE DOING CONSTRUCTION WORK UNDER CATAGORY WORKS CONTRACT & USE MISC MATERIALS WE BUY MATERIAL, WITH VAT + EXCISE FOR WORKS CAN WE TAKE INPUT CREDIT OF VAT FOR VAT ?? CAN WE TAKE EXCISE AGAINST SERVICE TAX INPUT CREDIT ??
29 December 2015
if you are including value of material used in your gross billed amount then you can avail cenvat of excise but if you are deducting value of material from value of taxable services then you can not avail the cenvat credit.
CAclubindia
