Service tax credit on employee bus

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Lerner
39 Points Posted on 11 October 2011

Sir,

Our Company engage buses for employee transporatation from their destinations to company and company to their destinations. vendor charging 10.3%(10%+2%+1%) service tax on invoice.

is this services eligible for service tax credit, please clarify.

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On 11 October 2011 at 19:03 Report
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Chartered Accountant
1108 Points Posted on 11 October 2011

Eligible to claim Service tax credit as per my understanding.

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On 11 October 2011 at 19:23
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KEEP SMILING fcaanupgupta@gmail.com
227 Points Posted on 11 October 2011
There is one amendment in the definition of input service w.e.f. 01.04.2011,which specifically exclude rent a cab service as a input service. Therefore u are not eligible for service tax paid to bus service provider w.e.f.01.04.2011
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On 11 October 2011 at 19:57
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KEEP SMILING fcaanupgupta@gmail.com
227 Points Posted on 11 October 2011
There is one amendment in the definition of input service w.e.f. 01.04.2011,which specifically exclude rent a cab service as a input service. Therefore u are not eligible for service tax paid to bus service provider w.e.f.01.04.2011
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On 11 October 2011 at 19:58
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jhvj
24 Points Posted on 08 December 2011

agree  with anup gupta...

company can not take service tax credit on any service used primarily for personel use or consumption of an employee.

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On 08 December 2011 at 22:17
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Executive Excise
1312 Points Posted on 09 December 2011

Service related to Employees welfare such as Bus Transport, Residential colony welfare activities, repairs not eligible to take SERVICE TAX INPUT CREDIT as per my knowledge.

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On 09 December 2011 at 08:36
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Officer Commercial
68 Points Posted on 09 December 2011

agree with gupta and sandya

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On 09 December 2011 at 14:32

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