Input Credit
This query is : Resolved
Ajay Agrawal
(Querist)
03 October 2010
Hello,
I am consultant to a upcoming hotel. The company into hospitality business [HOTEL], PROVIDES VARIOUS SERVICES SUCH AS CATERING, BANQUET RENTING, BANQUET DECORATIONS AND SO ON. ALL SUCH SERVICES ARE TAXABLE UNDER SERVICE TAX.
Such Hotel, spends on Renting / Hiring of various professional, advertising, staffing, security and so on which provide services again Taxable (Service Tax), which can be taken as input credit.
The question is such hotel
"expanding or constructing rooms & banquets, from which it will be again doing the above stated business of providing services such as CATERING, BANQUET RENTING, BANQUET DECORATIONS AND SO ON.., the material procured for construction and decoration of such premises involve purchase of material such as steel, cement, tiles, furniture & so on, which are Exciseable goods, can the excise paid against such purchase be taken as input credit"
Kindly guide.
I am consultant to a upcoming hotel. The company into hospitality business [HOTEL], PROVIDES VARIOUS SERVICES SUCH AS CATERING, BANQUET RENTING, BANQUET DECORATIONS AND SO ON. ALL SUCH SERVICES ARE TAXABLE UNDER SERVICE TAX.
Such Hotel, spends on Renting / Hiring of various professional, advertising, staffing, security and so on which provide services again Taxable (Service Tax), which can be taken as input credit.
The question is such hotel
"expanding or constructing rooms & banquets, from which it will be again doing the above stated business of providing services such as CATERING, BANQUET RENTING, BANQUET DECORATIONS AND SO ON.., the material procured for construction and decoration of such premises involve purchase of material such as steel, cement, tiles, furniture & so on, which are Exciseable goods, can the excise paid against such purchase be taken as input credit"
Kindly guide.
03 October 2010
yes, credit can be taken as all suchthings falls into the category of input.
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