Hi
Is there any abatement available on Erection , commissioning and installation service since 1st July 2012 ?? Till 30th June 2012 , I availed exemption of 67% but from 1st July I do not see this exemption under Notification 26/2012 ST .
Mayank Kapoor (.) (159 Points)
04 December 2012Hi
Is there any abatement available on Erection , commissioning and installation service since 1st July 2012 ?? Till 30th June 2012 , I availed exemption of 67% but from 1st July I do not see this exemption under Notification 26/2012 ST .
CA Vikram Agarwal
(C.A.)
(418 Points)
Replied 04 December 2012
As said service are cover under 'work contract Service' which is Applicability of Service Tax Notification No.24/2012-Service Tax dtd.6.6.2012 explaining the provisions of calculation of service tax on works contract
Mayank Kapoor
(.)
(159 Points)
Replied 05 December 2012
Thank you sir for your reply. Can you confirm whether the 67% abatement taken was correct or not.
I was worried because a financial controller told me that there was no exemption for erection , commissioning and installation servcie but I had check it on net and i found the notification confirming the same.
Thanks you once again sir for your reply. appreciate it.
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 05 December 2012
W.e.f 01.07.2012 erection commissioning will be covered under original works and will be entitled to 60% abatement. However, cenvat credit of input services and capital goods is available.
Mayank Kapoor
(.)
(159 Points)
Replied 17 December 2012
Thank you Nirav.
Are you sure that Cenvat credit on inputs and capital goods is available ?
Thanks once again for your reply.
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 17 December 2012
Originally posted by : Mayank Kapoor | ||
Thank you Nirav. Are you sure that Cenvat credit on inputs and capital goods is available ? Thanks once again for your reply. |
Mayank Kapoor
(.)
(159 Points)
Replied 17 December 2012
Thank you very much for clearing the doubts. :)