Cenvat credit of service tax
This query is : Resolved
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..
09 October 2016
Yes you can avail cenvat credit on abated service tax provided service tax payable project work.
10 October 2016
Thank you for clarifying..
And can we avail credit all input abated services....
10 October 2016
Yes you can avail.................
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...
10 October 2016
You can avail total 9%.
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