in case of woks contract if service tax charged on the bill @ 4.12%, then works contractor can claim cenvat credit for works allocated to sub contractor.
1 Replies
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 03 January 2012
For works contract if service tax charged on the bill @ 4.12%, then works contractor cannot claim cenvat credit for works allocated to sub contractor as per works contract rules 2007.
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