21 March 2012
I am conducting audit of a hotel and the hotel is not availing abatement on mandap keeper services(including supply of food),Pandal and shamiana (including supply of food),ODC services and availing input credit. My question is whether it is beneficial not to avail abatement and take input credit or the hotel should avail abatement. Please reply soon.Thanx in advance.
21 March 2012
For this you have make cost benefit analysis, If input credit taken available is higher than service tax saved while taking abatement, then taking input credit shall be more cost effective......
CAclubindia
