Dear Freinds,
We are into Restaurant Business, we usually take credits of all the services received like, professional fees, telephone, consultancy, office internet, etc against the monthly payment of servece tax collected from guest with the abatement of 60% i.e., 12.36*40% = 4.944%, we collect from the guest.
My question is recently our Import got stuck with customs and they had charged us Detention and Demmurage charges, whether we can take input tax credit of service tax paid on these charges ?
Also, can we avail the credit of Import duty and Excise duty paid during the month on the purchases.
Please reply.
Regards,
Deepak Gangwani
CAclubindia
