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Cenvat set off

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2011 Dear All,

We are running hotel industry with liquor licence which is coming under Service Tax net with ST abatement( 70%)
My query is we re paying Service tax on rent @ 10.3%. Can i set off entire service tax input against my ST liabilty and can pay only the balance

Thanks
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CA.E.Deepan Chakravarthy

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CA.E.Deepan Chakravarthy (Expert)
09 September 2011 If you claim abatement(70%), you cannot avail cenvat credit of any inputs, input services and capital goods.

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