04 October 2011
MY Client is a developer and has out source the constriction work to the pvt ltd company and they are paying service tax on the R.A. bills raised by them can my client will get the credit for the same ?
please inform me about the tax provision on the "Constriction on Complex services"
04 October 2011
If the client is availing the benefit of Notification No. 29/2010 of Service Tax, then no credit of input service is available. As per this notification you have to pay Service Tax @2.575% on your sale value. [i.e. 75% abatement]
If u are not availing the above notification exemption then u are entitled to avail credit of service tax on the R.A. bills raised by them.