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CENVAT CREDIT IN RENT A CAB

Service Tax - Started By: - Rajeev Khulbe - Dated:- 26-2-2016 Last Replied Date:- 23-10-2016 - GOOD MORNING TO ALL EXPERT, WE ARE A EXCISABLE UNIT. WE HIRED BUSES FOR OUR EMPLOYEE UNDER RENT A CAB. WE DEPOSIT 40% SERVICE TAX UNDER WITH ABATEMENT. SIR MY MONTHLY PAYMENT OF SERVICE TAX UNDER RENT A CAB APPROX 20000 TO 30000 K. SIR CAN WE TAKE CENVAT CREDIT UNDER RENT A CAB. THANKS IN ADVANCE FOR YOUR QUICK REPLY - Reply By Ganeshan Kalyani - The Reply = In my view, you certainly cannot take the cr .....

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paid on tour operator service is allowed. - Reply By vuchcholla Bhaskar - The Reply = Dear Sir,You cannot take the cenvat credit of duty paid under reverse charge system for rent a cab. other than these services you can avail the cenvat credit.Thanks & RegardsBhaskar - Reply By Rajeev Khulbe - The Reply = THANKS FOR YOUR VALUABLE REPLY BUT SIR WHAT ABOUT SAY IN NOTIFICATION NO.08/2014 ST - Reply By MARIAPPAN GOVINDARAJAN - The Reply = If abatement is availed service tax is payable 100% by t .....

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ved from a person who is paying service tax on forty percent of the value; or (b) Up to forty percent CENVAT credit of such input service received from a person who is paying service tax on full value; - Reply By Rajeev Khulbe - The Reply = SIR , WE ARE ALSO PAYING 40% SERVICE TAX ON VALUE - Reply By KASTURI SETHI - The Reply = You can take full credit of ST paid by you. In both options ST credit is restricted to 40% of total value. - Reply By Akash Deep - The Reply = Dear Rajeev, i understood t .....

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providing services by using buses) he is doing it wrong. your service provider has to raise an invoice without claiming abatement. when your service provider raise invoice without claiming abatement you can not have the benefit of entry 7(a) of 30/2012 as amended you have to go under 7 (b) where both SP and SR shall pay tax to government to the extent of 50% each w.e.f 10.10.2014. you can take the credit of tax paid by you. - Reply By KASTURI SETHI - The Reply = I agree with the views of Sh.Akas .....

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