% of Cenvat Credit for input service on abated service like Restaurant etc. wef.01.04.16

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.... of Cenvat Credit for input service on abated service like Restaurant etc. wef.01.04.16<br> Query (Issue) Started By: - jai prakash Dated:- 16-6-2016 Last Reply Date:- 21-6-2016 Service Tax<br>Got 3 R....

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....eplies<br>Service Tax<br>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 restaur....

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....ant service, 40% is the taxable value under service tax. In case of rent paid for the restaurant only 40% will be considered for input credit. Suppose &#8377; 1,00,000 paid as monthly rent than &#8377....

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....; 40,000 will be considered 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 ....

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....such amendment in 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 servi....

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....ce provider. 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.<br> Discussio....

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