Reverse charge
This query is : Resolved
Neha Gupta
(Querist)
31 January 2014
In Reverse charge mechanism Service tax liability can be discharged only by payment in cash. Once Service tax liability is discharged on account of reverse charge basis, cenvat can be availed for such amount.
Is cenvat available for the amount which is paid as service tax on account of reverse charge under rent a scheme service?
Is cenvat available for the amount which is paid as service tax on account of reverse charge under rent a scheme service?
AVTAR SINGH
(Expert)
31 January 2014
From 01-07-2012, specified services are taxable to company on reverse charge basis and one of them is rent-a-cab service. Generally, once paid, the amount of service tax paid on reverse charge basis is available as CENVAT Credit on the basis of GAR-7 challan paid. However, CENVAT credit of service tax paid on rent-a-cab service is specifically excluded in “input service” definition {Rule 2(I)} and thereby made it ineligible for credit.
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Ganeshbabu K
(Expert)
31 January 2014
Generally no cenvat available on rent a cab service
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hence you cant avail cenvat credit on this amount
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hence you cant avail cenvat credit on this amount
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