Poonawalla fincorp
Poonawalla fincorp

Input credit

This query is : Resolved 

30 August 2013 I want to know that a builder/developer can claim input credit of service tax on newly construction. he chargeing service tax on booking amount. he paid service tax to architecture, web developer etc.@ 12.36%.


30 August 2013 Yes, a developer can claim input credit of service tax for the liability arises on booking amount.

The same does not fall under reverse charge mechanism.

31 August 2013 thanks sir,
but many of people saying that we are getting abatement in service tax rate @75%, so how we claim input credit, we already get exemption from govt.


01 August 2024 https://docs.google.com/document/d/1L2KPCNZNIOMwtOQpBEM8cDpQ4WPkvDh3qLnp7iqx3kc/edit?usp=sharing



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