Setoff service tax on site contract work
This query is : Resolved
17 August 2007
We have given contract for site development, plot level, compound wall etc. A single running bill is raised on our company with service tax @12.36%. So can we get set-off/credit of Service tax 12.36% against Excise returns?
18 August 2007
Yes, your company can can get credit of service tax. For details refer to Cenvat Credit Rules, 2004.
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