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.
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