22 April 2013
Can a real estate builder and developer claim input tax credit on the Service tax paid on GTA services availed by him (against 1% service tax payable on advances received against sale of flats)
22 April 2013
dear deepesh 1stly you are requested to inform us about this 1% service tax on real estate builder, because as far i know even after abatement it comes to 3.09% And after 1.4.13 it is 3.708% though if ur case is the same is allowed as in notification 26/2012 ccr of capital goods and input service is allowed. Now in definition of input service under rule 2(l) of ccr specifically given: "inward transportation of inputs or capital goods and outward transportation up to the place of removal"
CAclubindia
