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service tax credit on rent a cab service eligble-reg

Service Tax - Started By: - Ramakrishnan Seshadri - Dated:- 25-5-2015 Last Replied Date:- 27-5-2015 - Dear Sir,We are manufacturer of automobile parts and having 3 plants situated at different places. We have entered into contract with the transport service providers for transporting our staff from specific points to our units. The transporters are registered with the service tax department and we are discharging service tax for the 40% of the bill value.Now our question is whether service tax p .....

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d for the provision of taxable services for which the credit on motor vehicle is available as capital goods; Capital Goods are defined under Rule 2(a) of CCR 2004 which are restricted to Goods falling under Chapter 82, 84, 85, 90....... Motor Vehicles are covered under Chapter 87 of Central Excise Tariff Act 1985. Hence, in view of above, CENVAT Credit is not eligible on Renting a Cab service as the same is covered under Chapter heading 87 of Central Excise. - Reply By MUKUND THAKKAR - The Reply .....

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