18 November 2013
A Partnership Firm engaged in Developing properties and selling it to customers.
It charges service tax @ 3.09% from its customer on any amount received.
Can it take CENVAT Credit for paying Service tax since it has paid service tax on input services like work contractor, Security supply and manpower supply etc.?
19 November 2013
Yes, it can take CENVAT credit only of the service tax paid on the services which fulfill the criteria mentioned in definition of Input Service.