08 October 2016
We are paying service tax(under abatement) to an agency for arranging transportation, accommodation charges and booking if air tickets to our employees who goes on project work (which is our company's business).
My doubt is whether we avail CENVAT credit of abated service tax that we have paid on such services..?
Thanks in advance..
10 October 2016
Thanking you again, If yes..
Suppose abated service tax that we have paid is 9% (I.e. 60% of 15% ST), whether we can avail complete 9% as service tax OR we have bifurcate the ST paid as follows to avail CENVAT :-
ST - 8.4% (60% of 14%)
SBC - 0.3% (60% of 0.5%)
KkC - 0.3% (60% of 0.5%)
Total 9%
Kindly clarify...
CAclubindia
