Input credit on service tax paid on franchisee fees
This query is : Resolved
Gopal Agarwalla
(Querist)
06 January 2016
Service Tax @ 14.5% is paid along with the franchisee fees, which is non-refundable. Can we take the CENVAT credit of the same? If yes, when can we take the credit - whether whole amount can be claimed instantly or it has to be claimed as and when the franchisee fee will be written off during the phase of next 5 years?
CA. Divyansh Agarwal
(Expert)
06 January 2016
U can take it instantly there arebno provisions for deferment of cenvat on input services
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