21 April 2014
A company received Service tax on Sale of Residential Flat.They also receive work contract service by civil contractor & electrical contractor. They also paid service tax to the contractor & paid to department on reverse charge.Can they avail credit the paid service tax to contractor & on reverse charge. If company received Rs. 50000/- as service tax for sale of flat and paid service tax rs. 10000/- on work contract service to Contractor & Rs. 10000/- to department on reverse charges. How much they depoit the service tax of Rs. 50000/-. Please clear my doubt.
This benefit will be available only in case where the Service Receiver also provides service same as of Service Provider provides him , which he received as input services.
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