Cenvat set off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2011
Dear All,
We are running hotel industry with liquor licence which is coming under Service Tax net with ST abatement( 70%)
My query is we re paying Service tax on rent @ 10.3%. Can i set off entire service tax input against my ST liabilty and can pay only the balance
Thanks
We are running hotel industry with liquor licence which is coming under Service Tax net with ST abatement( 70%)
My query is we re paying Service tax on rent @ 10.3%. Can i set off entire service tax input against my ST liabilty and can pay only the balance
Thanks
09 September 2011
If you claim abatement(70%), you cannot avail cenvat credit of any inputs, input services and capital goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Ca final exam registration may-26
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
