Input

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2014 An LLP is in the business of Construction of Residential complex so:

1. Can it pay ST on Receipt Basis???

2. Can it take input of ST paid on Architect Fees, Consultancy and other services ????

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CA DHEERAJ

CA DHEERAJ (Expert)
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03 January 2014 sir your service tax liablity arise as pot 2011 basis, st paid on receipt basis only when your preceding year turnover is not more then 50 lakhs (it means if your preceding year turnover is less the 50 lakhs then you pay your current year service tax liability receipt basis upto 50 lakhs rs. turnover,

and second point is you get cenvat credit on archeitect fees, consultancy and other service fees which paid by you

Annu Agarwal

Annu Agarwal (Expert)
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03 January 2014 Answer to your query:
1.Service Tax can be paid on receipt base in case of partnership firms
If P.Y Aggregate Value of Taxable Service <50 lakh
Then
C.Y Aggregate Value of Taxable Service upto 50 lakh taxable on receipt basis

Reference:Proviso to Rule 6(1).

2.Yes,it can take cenvat credit of input services like architect fees,Consultancy service.

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CA DHEERAJ

CA DHEERAJ (Expert)
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03 January 2014 Not only partner ship firm LLP is alsi covered above provision

Annu Agarwal

Annu Agarwal (Expert)
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03 January 2014 Sir LLP is also covered.I never denied that.

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2014 Can u tell me where it is written than Input can be taken ???

Because i have heard that Input of Architect fees is not allowed.