service tax credit
This query is : Resolved
sandeep sahu
(Querist)
11 May 2011
Dear Sirs
Our comoany is making a five star hotel and now it is in project stage.
My quest is can we take cenvat credit on excise and service tax to be set off against the service tax payable after hotel is ready for renting.(because hotel industries is now liable for service tax)
Pls answer me with suitable answer and supporting.
With Regards
Our comoany is making a five star hotel and now it is in project stage.
My quest is can we take cenvat credit on excise and service tax to be set off against the service tax payable after hotel is ready for renting.(because hotel industries is now liable for service tax)
Pls answer me with suitable answer and supporting.
With Regards
Madhukar N Hiregange
(Expert)
13 May 2011
Yes available. Please see the article on cenvta in the articles section for more information.
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