23 January 2015
Dear All, we are running two star hotel and we are charging the service tax for Room bills @7.42%( Abtement - 40%) and Restaurant bills 4.944% ( Abatement -60%). we are paying sum amount for advertisement & Telephone bills with service tax. CAN WE TAKE CENVAT CREDIT?
Can We take Full amount of Service tax or partial amount of Service tax? for example . we paying advertisement bills for Rs.35000/-per month and service tax of Rs.4326/- for entire Hotel. Can we take Cevat Credit in full amount or partial amount on the basis of Abatement.