Dear All Can we take full service tax credit on (Building) Capital Nature Exp? in one Financial Year
Service Tax credit
Desai (Asst. Manager- Financial Control) (41 Points)
29 December 2009
Sneha
(SERVICE )
(417 Points)
Replied 29 December 2009
No, you cannot take service tax credit on construction of building.
Secondly, any capital credit should be taken 50% in the current year and 50% in the next year.
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
