Input in case of abatement of restaurant service
This query is : Resolved
13 May 2013
MY CLIENT IS PAYING SERVICE TAX @ 4.944% ON RESTAURANT SERVICE, SO CAN THEY TAKE INPUT TAX CREDIT ON THE SERVICE TAX THEY PAYING ON RENT??????
13 May 2013
Dear Ashok,
As per Rule 2C of the Valuation rules, We can take the credit of input services even if we are availing abatement in case of restaurant services.
As per Rule 2C of the Valuation rules, We can take the credit of input services even if we are availing abatement in case of restaurant services.
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