Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

CENVAT CREDIT TO DEVELOPERS

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CENVAT CREDIT TO DEVELOPERS
Query (Issue) Started By: - NANDKUMAR SAGWEKAR Dated:- 22-7-2014 Last Reply Date:- 30-7-2014 Service Tax
Got 3 Replies
Service Tax
Our client is builder / deve .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... loper and paying the service tax under category Construction of residential complex . He pays service tax after taking abatement of 75% on amounts collected from the prospective buyer. He is also .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... availing services of other subcontractors who are registered Service tax assessees and charging service tax @12.36% in their invoices. These sub contractors are purely service providers . Enti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... re materials is supplied by our client ( developer / builder ) . In this case whether this Builder / Developer can avail the cenvat credit on services availed for construction of residential complex. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The services availed are mainly plastering, slabs , floor tiling on labour charges basis. We require your expert opinion , on this subject Thanks Reply By CA SOHRABH JINDAL: The Reply: Yes your cl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ient can take cenvat credit of input services. your client is not allowed to take cenvat of inputs. Reply By CA SOHRABH JINDAL: The Reply: see entry no 12 of notification no 26/2012 (as amended up t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o date) Reply By NANDKUMAR SAGWEKAR: The Reply: Thank you very much Sir for your advice
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates