Compostion scheme for restaurant service
This query is : Resolved
20 August 2016
Restaurant is currently availing the cenvat credit on plant and machinery and utilizing it for payment of service tax, collected on restaurant service.
Once cenvat credit gets exhausted, restaurant wants to opt for abatement in rate of service tax without claiming any cenvat credit.
can the restaurant switch over from normal procedure to abatement scheme.
Once cenvat credit gets exhausted, restaurant wants to opt for abatement in rate of service tax without claiming any cenvat credit.
can the restaurant switch over from normal procedure to abatement scheme.
22 August 2016
Yes it can opt for abatement scheme and claim also cenvat credit.
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
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
