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Abatement

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(Querist)
10 March 2014 We are builder in madurai., We have constructing the residential apartment in Madurai., We have pay the service on construction agreement value after taking the 60% abatement.,

My query is the our sub contractors rise the bill + service tax.,

we have eligible to take this amount on input?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
10 March 2014 no credit allowed if abatement is opted for.
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NARENDRA SONI

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NARENDRA SONI (Expert)
10 March 2014 If an assessee takes the option of availment of abatement, Input tax can not be claimed as per the provisions of act
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