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Rent a cab serive

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This query is : Resolved

MAYUR CAPRICORN (Querist)

04 September 2014 My query is-

We are Service ''Receiver'' of rent a cab service for pick and drop of employees in IT co.

Can we claim ST input credit in following cases?

1) Service provider is charging ST 60% in bill and 40% is paid by us on RCM basis

Can we claim ST credit of (60+40)% on basis of bill and challan basis respectively

2) AS Service provider claiming abatement of 60% and not charging ST in bill AND as per our liability in RCM, we are paying 40% ST.

Can we claim 40% input credit on basis of challan.

PLEASE ANSWER AND IF YOU HAVE ANY REFRENCE OF ANY RULE/NOTIFICATION/SECTION THEN MENTION IN SUPPORT OF YOUR ANSWER.

THANKS.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

04 September 2014 Refer Notification No 15/2012-ST dated 17.03.2012.
In both cases you can claim 100% input tax credit based on bill and challan.
In the second case you have to pay 100% ST and claim it ST credit.

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