Cenvate credit allowed if we claim abatment

This query is : Resolved

Dinesh Puri (Querist)
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25 April 2014 Dear Expert,

Plz advise us on follow matter:
We are service provider of Hotel room renting & Restaurant Service and we have claim abatement on Room Rent & Restaurant.
Can we claim cenvate credit of service tax on input services.
Example : Room Rent : 100000.00
Abatment : 40000.00
Taxable : 60000.00
ST. 12.36%: 7416.00
-Cenvate Credit on Input service : 5000.00
Net Payble : 2416.00

Plz advise on this matter

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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26 April 2014 YES ALLOWED CENVAT CREDIT WITH OUT CLAIMING OF ABATEMENT OF 60% SO CHOICE IS URS

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Dinesh Puri

Dinesh Puri (Querist)
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26 April 2014 Dear Kumar Sir,

Can we claim abatment & cenvate credit both are same time or if we claim abatment then we are not claim cenvate credit.

Plz advise on this matter.

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KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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26 April 2014 NO
ONLY ABATEMENT CLAIM NOT CLAIM CEN VAT

ONLY CENVAT CREDIT TAKEN NOT CLAIM ABATEMENT

SO READ 26/2012-ST

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