Easy Office
LCI Learning

Input credit under rcm

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 August 2012 Under Reverse charge mechanism , we are paying service tax as a manufacturer (SR), than credit available under work contract.
rent a cab, outdoor catering services

20 August 2012 Yes credit is available as these services are your input service and shall be used in either manufacture of final products or provision of output service.

However, as regards to credit in respect of works contract it shall not be available if it is used in

(a) construction or execution of works contract of a building or a civil structure or a part  thereof; or

b) laying of foundation or making of structures for support of capital goods,



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query