Please Help: Service tax
Posted Date : 25-May-2013 , 02:38:47 pm | Posted By subbarao
Planing for construction of houses obtined in the F.Y 2010-11 for 100 houses. As on 01.07.2012(Reverse Charge Mechanisam starts)only 60 houses completed remaining 40 houses constructed after 01.07.2012. For Ex:amount paid to artchitect Rs.10.00 lakhs for 100 houses and completed 40 houses after 01.07.2012. Rs.1,03,000/- service tax paid. In this scenario is it possible to claim 40% of the Service tax as input.
Category : Service Tax | Answers : 0 | Comments : 1 | Hits : 181
Answers
Comments
CA. Krishnakant Agrawal
05-Jun-2013 , 02:41:16 pmin my opinion Input of service tax will not be available on 40 houses if full payment has been made before 01.07.2012