https://www.taxtmi.com/article/detailed?id=53 Choice between claiming the partial exemption under Notification No. 1/2006 and paying full service tax with Cenvat Credit depends on the proportion of inputs and input services eligible for credit. Where eligible inputs/input services form a large share of project cost, foregoing Cenvat to claim the abatement can increase net service-tax outflow; reciprocal abatement claims by contractor and subcontractor can further raise net burden. Capital goods credit, if available, would tend to reduce net liability when Cenvat is utilised. en-us Wed, 22 Nov 2006 00:00:00 +0530 Sat, 23 Oct 2010 11:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=53 Choice between claiming the partial exemption under Notification No. 1/2006 and paying full service tax with Cenvat Credit depends on the proportion of inputs and input services eligible for credit. Where eligible inputs/input services form a large share of project cost, foregoing Cenvat to claim the abatement can increase net service-tax outflow; reciprocal abatement claims by contractor and subcontractor can further raise net burden. Capital goods credit, if available, would tend to reduce net liability when Cenvat is utilised. Articles Service Tax Wed, 22 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=53