MVAT & Service Tax on Canteen bill

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Manish Karwa (Querist)
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07 August 2008 Our canteen contractor is supplying us the food. How much MVAT & Service Tax is to be charged by him on food bill ?

Can we take the credit of MVAT ?

Thanks

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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07 August 2008 Mvat credit is not available against service tax or vise versa you will bifurcate the same for MVAT in sevice tax certain percentage are given for abatement remainigs are paid as service tax

Manish Karwa

Manish Karwa (Querist)
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07 August 2008 Thanks for reply. I want to take MVAT Credit against tax collected by us for MVAT (On sales).

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Manish Karwa

Manish Karwa (Querist)
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07 August 2008 My question is How much MVAT & Service Tax is to be charged by him on food bill ?

Can you tell me the % ?