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On hotel and lodging business

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(Querist)
20 March 2013 1) MY CLIENT HAS HOTEL BUSINESS WHICH IS ON RENT ( I.E HE HAS TAKEN THE HOTEL ON RENT)
IS RS 1000/- EXEMPTION LIMIT IS APPLICABLE TO HIM OR NOT?
2)IS 60%-40% RULE APPLICABLE TO HIM?
3)CAN HE TAKE CENVAT CREDIT ON PROFESSIONAL FEES AND RENT PAID BY HIM????
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
21 March 2013 1.
Which 1000 Exemption Limit You are talking for ?
Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent.
This is Applicabel to Service provider, But in This Case You are Service receiver.
No Exemption is applicable.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
21 March 2013 2. 40% Value is to be Taken for Restaurent Service Food Served.

3. Yes, he Can take Provided Registered under service tax, and output service tax libality is there.
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