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Utilisation of cenvat credit

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Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2011 In restaurnt service we are having abatement of 70%, cenvat available on other services can be used to set of the liability of service tax of restaurnt service or not ?

Let suppose ST liability of Restaurant service after abatement is Rs 10000 & cenvat available on other services is rs 5000 to same registered service provider. Can the cenvat be utilised to set of the liability of service tax of restaurant service.Please mention notification no if any.

PUNEET GOYAL

PUNEET GOYAL (Expert)
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30 November 2011 READ NOTIFICATION NO 34/2011 DATED 25.04.11 ALONG WITH NN 01/2006 DATED 01.03.06.

As Per condition of NN 01/2006 u can not take cenvat credit in respect of the CENVAT credit of duty on inputs or capital goods or the CENVAT credit of
service tax on input services, used for providing such taxable service.

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