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Amidst GST a nightmare for Hospitality Sector

Cenvat Credit - By: - Anish Goyal - Dated:- 27-10-2016 - Service Tax on renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes has to be charged at the rate of 60% ( i.e. abatement 40%) as per Sr. No. 6 of the Abatement Notification No. 26/2012-ST dt. 20.06.2012. The condition provided for granting an abatement of 40% is written as same as above . The relevant extract of Sr. No. 6 of Notification No. 26/2012-ST dt. 20.06.2012, .....

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on CENVAT Credit on inputs and capital goods for accommodation services provided by a hotel will not be available; however, they were eligible for CENVAT Credit of service tax paid on input services. Recently, vide Notification No. 38/2016-ST dt. 30.08.2016, Sr. No. 5A was inserted after Sr. No. 5 in the abatement notification No. 26/2012-ST dt. 20.06.2012. The same reads as under: 5A Transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regi .....

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