Cenvate credit allowed if we claim abatment
This query is : Resolved
Dinesh Puri
(Querist)
25 April 2014
Dear Expert,
Plz advise us on follow matter:
We are service provider of Hotel room renting & Restaurant Service and we have claim abatement on Room Rent & Restaurant.
Can we claim cenvate credit of service tax on input services.
Example : Room Rent : 100000.00
Abatment : 40000.00
Taxable : 60000.00
ST. 12.36%: 7416.00
-Cenvate Credit on Input service : 5000.00
Net Payble : 2416.00
Plz advise on this matter
Plz advise us on follow matter:
We are service provider of Hotel room renting & Restaurant Service and we have claim abatement on Room Rent & Restaurant.
Can we claim cenvate credit of service tax on input services.
Example : Room Rent : 100000.00
Abatment : 40000.00
Taxable : 60000.00
ST. 12.36%: 7416.00
-Cenvate Credit on Input service : 5000.00
Net Payble : 2416.00
Plz advise on this matter
26 April 2014
YES ALLOWED CENVAT CREDIT WITH OUT CLAIMING OF ABATEMENT OF 60% SO CHOICE IS URS
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Dinesh Puri
(Querist)
26 April 2014
Dear Kumar Sir,
Can we claim abatment & cenvate credit both are same time or if we claim abatment then we are not claim cenvate credit.
Plz advise on this matter.
Can we claim abatment & cenvate credit both are same time or if we claim abatment then we are not claim cenvate credit.
Plz advise on this matter.
26 April 2014
NO
ONLY ABATEMENT CLAIM NOT CLAIM CEN VAT
ONLY CENVAT CREDIT TAKEN NOT CLAIM ABATEMENT
SO READ 26/2012-ST
ONLY ABATEMENT CLAIM NOT CLAIM CEN VAT
ONLY CENVAT CREDIT TAKEN NOT CLAIM ABATEMENT
SO READ 26/2012-ST
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