https://www.taxtmi.com/article/detailed?id=6079 Taxable service covers the service portion of supplies involving food or drinks; valuation is governed by Rule 2C which apportions a percentage of the total amount charged as the service value, with "total amount" adjusted to exclude amounts for goods supplied by the receiver and certain indirect taxes. Abatement for premises renting is available subject to no cenvat credit on goods for human consumption; goods in specified chapters are not inputs for cenvat credit and relevant reversal provisions apply. Exemptions and administrative guidance on MRP exclusion are noted. en-us Sat, 21 Feb 2015 10:39:10 +0530 Sat, 21 Feb 2015 10:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6079 Taxable service covers the service portion of supplies involving food or drinks; valuation is governed by Rule 2C which apportions a percentage of the total amount charged as the service value, with "total amount" adjusted to exclude amounts for goods supplied by the receiver and certain indirect taxes. Abatement for premises renting is available subject to no cenvat credit on goods for human consumption; goods in specified chapters are not inputs for cenvat credit and relevant reversal provisions apply. Exemptions and administrative guidance on MRP exclusion are noted. Articles Service Tax Sat, 21 Feb 2015 10:39:10 +0530 https://www.taxtmi.com/article/detailed?id=6079