Dear Sir,
We are running a hotel in lease with all service like, accmodation , restaurent and mandap keeper ect and collecting service tax at abatement rate . The Lessor has charged service tax on rent of Rs.300000/-+ ST 12.36 % .
Now my question whether can we avail cenvat credit of service tax paid on lease rent and can adjust the same with service tax collected.
Pleaase provide your valiable solution.
Thanks
Biswajit Dey