Compostion scheme for restaurant service
This query is : Resolved
shrikrishna Joshi
(Querist)
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.
CA R SEETHARAMAN
(Expert)
22 August 2016
Yes it can opt for abatement scheme and claim also cenvat credit.
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