11 July 2010
I AM WORKING IN CONSTRUCTION COMPANY WHERE WE HAVE GIVEN SUB- CONTRACT TO SOME CONTRACTOR , WE ARE PAYING THEM SERVICE TAX FOR EVERY MONTH BILLING , WHEN WE CAN TAKE CREDIT OF THAT SERVICE TAX AND HOW WE CAN TAKE ?
12 July 2010
If you are paying service tax under Works Contract Service means you can avail the input credit provided you are rendering only taxable services. If you are availing abatement means, you are not eligible. The subcontractor who charges you with service tax is also liable for payment of service tax to the govt.
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