If a contractor is charging service tax under composition scheme at 40% of the total value of the works contract, can he claim cenvat credit?
Please guide me on cenvat credit of which all expenses can be claimed.
Menu
Cenvat credit - works contract
Replies (1)
If it is a service relating to building, it will be disallowed.
In other cases,
6.18 % charged service tax will be available for credit and remaining 50% i.e. 6.18 % will be available next month when paid.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
