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TMI Blog% of Cenvat Credit for input service on abated service like Restaurant etc. wef.01.04.16X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, Please guide me on following: Wef 01.04.2016 Cenvat credit for input service tax will be available on proportionate basis. Is this correct? Eg. In case of restaurant service, 40% is the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxable value under service tax. In case of rent paid for the restaurant only 40% will be considered for input credit. Suppose ₹ 1,00,000 paid as monthly rent than ₹ 40,000 will be conside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red for input credit. Reference of section, rule will be helpful for me. Thanks Jai Prakash - Reply By KASTURI SETHI - The Reply = Sh.Jai Prakash Ji, In my view, there is no such amendment in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat Credit Rules, 2004. - Reply By Rajagopalan Ranganathan - The Reply = Sir, As a service receiver you are eligible to take credit of full amount of service tax paid by your service pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vider. Question of availing abatement pertains only to the person who pays the service tax. - Reply By Ganeshan Kalyani - The Reply = Sir, I agree with both the experts view. Thanks. - % of Cenvat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Credit for input service on abated service like Restaurant etc. wef.01.04.16 - Query Started By: - jai prakash Dated:- 16-6-2016 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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