https://www.taxtmi.com/forum/issue?id=111937 Input tax credit for construction is not available on input goods like cement and iron, but is available for qualifying input services such as inward freight and architect services. RCM liability for services like GTA does not preclude taking input credit for eligible input services; amounts paid under RCM should be adjusted against service tax liabilities rather than booked as profit-and-loss service tax expense. en-us Fri, 19 May 2017 17:54:30 +0530 Thu, 23 Jan 2025 15:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111937 Input tax credit for construction is not available on input goods like cement and iron, but is available for qualifying input services such as inward freight and architect services. RCM liability for services like GTA does not preclude taking input credit for eligible input services; amounts paid under RCM should be adjusted against service tax liabilities rather than booked as profit-and-loss service tax expense. Discussion-Forum Service Tax Fri, 19 May 2017 17:54:30 +0530 https://www.taxtmi.com/forum/issue?id=111937