Sertax reverse tax mechanisim
This query is : Resolved
03 September 2012
Service Tax Paid for Rent a Cab Service under Reverse charge mechanism is eligible for Input Credit?
Arun Kumar Singh
(Expert)
03 September 2012
Yes, eligible.
Message likes :
1 times
RENGARAJ R.K
(Expert)
03 September 2012
If the input service relates to your output service then it is eligible. Kindly check this point before availing the cenvat benefit.
Message likes :
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03 September 2012
As per Cenvat Credit Rules motor vehicles and their accessories falling under 8702, 8703,8704, 8711 and their chassis is not eligible for input credit.I think in a rent a cab service the vehicle is falling under the above chapters, then how it wiil be eligible?
plz explian breifly.
plz explian breifly.
03 September 2012
Is the same Cenvat Credit rules & conditions apply for the input avilable on reverse charge mechanism?
RENGARAJ R.K
(Expert)
04 September 2012
The tariff no mentioned by is for capital goods cenvat availment.REstriction is only for capital goods. REnt a cab is input service. So, both are different. Rent a cab service can be taken for set off.
04 September 2012
For example in construction feild reverse charge paid in exempted project for rent a cab , security services & prw is eligibe for input?
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