Service tax on guest inns/accomodation

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Assistant
28 Points Joined October 2012

Dear All

Our company in to providing accomodations/stay Inns where we charge Service tax 7.42%, we even take flats for rent where service tax on bill is 12.36%, now when taking service tax credit shoud i take the complete 12.36% or 7.42%

Thanks In Advance

Raj

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On 04 January 2014 at 10:57 Report
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Charterd Accountant
118 Points Joined January 2011

Raj,

You can take full credit of the service tax paid by you on input service i.e. 12.36 % in my opinion.

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On 04 January 2014 at 14:56

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