Whether amount of VAT paid/payable is deductible alongwith CENVAT credit of Inputs and Input Services, while computing the value of taxable services of a Composite Works Contract definable under Erection, Commissioning & Installation Services?
Please note that amount of VAT is deductible in computation of Services under Works Contract Services and in the same manner VAT should also be allowed as deductible!
B R Passey
