utilisation of cenvat credit in respect of hotels

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2010 We are charging service tax from our customers on services provided by us like, taxi hire, laundry (dry cleaning), broadband, etc. On the other hand, we availing cenvat credit of services received by us like Security, Manpower, telephones, etc. We would like to know if we can set-off the cenvat credit against our service tax payable? If yes, How? If No, WHY?

annapurna

annapurna (Expert)
Follow

08 June 2010 You are basically the service provider providing output services like taxi hire, dry cleaning, broad band etc. You can also avail CENVAT credit of services received like security, manpower, telephone, etc because basically the input service is classified into general and specific service. Some of the input services can be common input services which may be directly or indirectly related to provision of output services. Therefore based on the analysis of input definition and CENVAT credit Rules the service tax paid on input services can be availed. The input service tax under the service tax can be availed on the payment basis.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK KUMAR TEKURU

Sidhartha sankar pillai

Pritanu Chakraborty

bhagat ram goyal

GIRISH K SATTI

Subscribe Now

utilisation of cenvat credit in respect of hotels

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA