banner_ad

Cenvat on hired vehicle

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 March 2015 we have hired cars on contract with the registered owners of the vehicle for the use of business and paying reverse charge @40%. The CENVAT credit taken on the reverse charge paid was objected by the Audit team on the ground that it is available only to those who are engaged in transportation service like fleet owners. Plz explain.
Profile Image

CA ANILKUMAR B.COM FCA DISA

Profile Image

CA ANILKUMAR B.COM FCA DISA (Querist)
29 March 2015 Yes, the Audit team is right. Once service tax is paid under reverse charge, credit cannot be availed on these services received because of the restrictions put in the definition of ?input service? under CENVAT Credit Rules, 2004. The provisions of reverse charge is not applicable if the service provider and receiver are in similar line of business.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details