can anyone plz guide me with how can a service recepient claim input of tax paid by him....
say in case of labour contract reciever pays 75% of tax directly to govt and rest 25% thru the bill...
then on how much amt can he claim input? 25%or 75%or full 100%
plz reply asap
thanks
@ tasbih, you can claim 100% cenvat credit. 25% after making the payment to the party and clearance of cheque from bank and balance 75% on the strength of your payment challan.
Regards
Anandan.s
Triveni Turbine Limited
Bengaluru
CA
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R P S K & Associates
Nashik
CA Inter
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