TMI BlogCENVAT ON RCM OF RENT A CABX X X X Extracts X X X X X X X X Extracts X X X X ..... The co-op credit society of employees hired a bus from a individual to transport its member from office to railway station. Society recovers amount from its member for such service. Is society liable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to pay GST on amt recovered from members? Other question as per new notification, is society liable for RCM on bus service taken from individual? and can it claim cenvat? - Reply By PRADEEP SHUKLA - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = As per S.No. 9 of Notification 26/2012 , service tax is payable on 40 % of the gross amount in case of rent a cab service. The said entry, as it was effective from 01.07.2012 Renting of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any motor vehicle designed to carry passengers. 40 % No cenvat credit can be availed on any inputs, capital goods or input services. ... Motor cab means passenger vehicles carrying upto 6 passengers. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It may be noted that limited cenvat credit has been allowed for renting of motor cabs. - Reply By Ganeshan Kalyani - The Reply = I guess the query is pertaining to GST. - CENVAT ON RCM OF RENT A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CAB - Query Started By: - Tushar Kalid Dated:- 15-11-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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