Client is Pvt Ltd Company, availed office renovation services from a Proprietory concern having VAT - work contract & Service Tax registration.
On bill, Service provider charged service tax/VAT as follows:
Net Bill 1,00,000/-
Material components 50,000/- VAT charged
Service Components 50,000/-
S.T. charged on 50% i.e. 25,000/- Rs.3090 ( service tax)
Client company paid the contractor for the bill amount including VAT & S.T. in October, 2012
Now, I presume, Client Company has to pay Rs.3090/- (RCM) before 6-11-2012
Question:
1. Can the Client Company claim Cenvat Credit of Rs.3090/- charged by Contractor & paid by the Company
to contractor, against their other tax liability before paying the S.T. on 6.11.2012
2. Can the Client Company claim CENVAT of Rs.3090/- (RCM) paid by them on 6-11-2012, if yes then when ?
Seeking kind advice .
Thank you so much
Valerian DSouza
CAclubindia
