Input credit
This query is : Resolved
30 August 2011
Dear sir,
This is to inform you that we are hotelier and paying service tax & R&D cess on royalty to foreign company for using its name & style,and also paying the service tax on accommodation with effect from 01/05/2011, as detail below.
Service Tax on Royalty @ 10.30% which we are paying.
Royalty is payable to foreign company on room sale only not gross sale @ 3% .
Service Tax on room sale @ 5.15% which we are paying with effect from 01/05/2011.
now my question is, can we take the service tax credit on it, if yes, how it can be claim.
Your early action regarding the above shall be highly appreciated.
Thanks & Regards
CP
This is to inform you that we are hotelier and paying service tax & R&D cess on royalty to foreign company for using its name & style,and also paying the service tax on accommodation with effect from 01/05/2011, as detail below.
Service Tax on Royalty @ 10.30% which we are paying.
Royalty is payable to foreign company on room sale only not gross sale @ 3% .
Service Tax on room sale @ 5.15% which we are paying with effect from 01/05/2011.
now my question is, can we take the service tax credit on it, if yes, how it can be claim.
Your early action regarding the above shall be highly appreciated.
Thanks & Regards
CP
31 August 2011
service tax paid on royalty is available as input credit for paying service tax on room rent.
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 REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- CASH GIFT FROM BLOOD RELATIVE
- PF wage ceiling
- Missed TDS
- TDS refund Indemnity Bond
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- DUE DATE FOR ITR FILING
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
