Input service tax credit on construction or renovation servi
satya (Executive Excise) (1839 Points)
31 January 2012satya (Executive Excise) (1839 Points)
31 January 2012
Dayal
(Gen. Manager - Indirect Taxation)
(3434 Points)
Replied 07 February 2012
The following services are excluded from CENVAT Credit
Cenvat Credit will not be allowed if these services are used for
However, Cenvat Credit will be allowed if these services are used for providing specified services mentioned above. For e.g. contractor who is liable to pay service tax under Commercial or Industrial Construction Service can take the credit on service received from the sub-contractor as well as architect
Further Exclusion of the services is only for construction of building or civil structure or part thereof.
It will not apply to other services like completion & finishing, repairs, renovation, maintenance etc taxable under Commercial or Industrial Construction Services.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)