TMI BlogSpecified Value - Restaurant or as outdoor catering servicesX X X X Extracts X X X X X X X X Extracts X X X X ..... the Service Tax (Determination of Value) Rules, 2006 Value of taxable service i.e., service portion in a contract in relation to restaurant service will be determined as per rule 2C and then service tax @14% will be paid on such service portioned amount as follows: Sl.no. Description Percentage of total amount 1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... added tax or sales tax, if any, levied thereon: Provided that the fair market value of goods and services so supplied may be determined in accordance with the generally accepted accounting principles. Restriction on Cenvat Credit:- Provider of taxable service shall not take CENVAT credit of duties or cess paid on any goods classifiable under Chapters 1 to 22 of the Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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