30 November 2013
I have constructed a Building(Commercial) by sub contraction some specific work to labour contractor, he has charged Service tax to us in his bill, we will let out this entire building to a company and Rent will be collected.
Can i take the credit of Input Service (Labour Contractor) against Output service (Renting of Immovable Property) ?
30 November 2013
If constuction & renting of immovable property is your business activity, you can claim the input credit on labour services that you have paid to construct the builidng against output service of renting of building.
30 November 2013
But defination of Input services specifically excludes some services which included construction service and works contract service ! Than also we are eligible ?
CAclubindia
