Cenvat set off
This query is : Resolved
Querist : Anonymous
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
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
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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