Input credit for restaurant services
This query is : Resolved
07 July 2015
Sir, we are accountant of Restaurant and output services are charged at Abated value of 40% but we are taking the Input for professional and other service @ 100% of service Tax, please let me know whether the ITC is to be taken @ 100% or abated Value @ 40%
07 July 2015
You can take 100% ITC.
07 July 2015
Sir, can you mention the rule or section of CCR or act where it is mentioned
07 July 2015
See explanation II to Rule 2C service tax rules. Only excise duty on inputs is not allowed.
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