pramit jain (article) (48 Points)
21 February 2017
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 21 February 2017
NO RCM No Input credit service tax charged by vendor gets added to your expense
Parveen Bansal
(Taxation work)
(46 Points)
Replied 21 February 2017
Please clarify where the vehicle is used..
and which assessee takes the regular service of repair amd maintence.?
VIPINKUMAR K TIWARI
(Financial Professional)
(196 Points)
Replied 22 February 2017
I AGREE WITH SIVARAM
pramit jain
(article)
(48 Points)
Replied 22 February 2017
https://www.cbec.gov.in/resources//htdocs-servicetax/EducationGuide.pdf Page No 92
https://www.cbec.gov.in/resources//htdocs-servicetax/st-finact-062016.pdf Page No 37
pramit jain
(article)
(48 Points)
Replied 22 February 2017
HI,
Its regular repair and Mainitance work.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 23 February 2017
This Input credit is available who is in the business of renting /Hiring a motor vehicle if not RCM/Input credit not available see definition 2(l) namely input service exclusions of cenvat credit rules 2004
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