Dear All
Kindly explain below the statement
We are constructed the New Factory in chennai, We are purchased steel from TATA bluescope, Pune, thay are charging service tax and CST 4% entire bill value, If Its is ok..
for e.g
Material Value Rs.10660006
Erection Price Rs. 1550319
Freigth ChargesRs. 646367
------------
12856691.00
------------
CST 4% 514268
Service TAx 1324239
This bill Service tax credit is elegible or not
CST calculation 4% charged in entire value ( Material + Erection + Freight ) if it is ok or not

From India ,
Dear All
Kindly explain below the statement
We are constructed the New Factory in chennai, We are purchased steel from TATA bluescope, Pune, thay are charging service tax and CST 4% entire bill value, If Its is ok..
for e.g
Material Value Rs.10660006
Erection Price Rs. 1550319
Freigth ChargesRs. 646367
------------
12856691.00
------------
CST 4% 514268
Service TAx 1324239
This bill Service tax credit is elegible or not
CST calculation 4% charged in entire value ( Material + Erection + Freight ) if it is ok or not

From India ,
Dear Vijay,
**Against CST purchase can't avail Setoff for local sale, either you are full tax against CST. ( if you are purchase mat. locally then you can take setoff)
**In case of service tax : If you are using abatement ( of 100 Rs bill paying tax on 33% )you cant avail cenvat. OR you are paying service tax on 100% of value (or in WCS scheme) you can take cenvat.

From India , Mumbai

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