16 August 2013
Dear All I have doubt on works contract,one of my friend contrator of original works(rennovation,construction).paying service tax on abetment basis, for that he can claim input tax credit?
18 August 2013
Abatement is available only for Construction of a complex, building, civil structure or a part thereof, intended for a sale to a buyer, wholly or partly and tat too if no CENVAT is taken and cost of land is included in value of service.