Sertax reverse tax mechanisim
This query is : Resolved
03 September 2012
Service Tax Paid for Rent a Cab Service under Reverse charge mechanism is eligible for Input Credit?
03 September 2012
Yes, eligible.
Message likes :
1 times
03 September 2012
If the input service relates to your output service then it is eligible. Kindly check this point before availing the cenvat benefit.
Message likes :
1 times
03 September 2012
As per Cenvat Credit Rules motor vehicles and their accessories falling under 8702, 8703,8704, 8711 and their chassis is not eligible for input credit.I think in a rent a cab service the vehicle is falling under the above chapters, then how it wiil be eligible?
plz explian breifly.
plz explian breifly.
03 September 2012
Is the same Cenvat Credit rules & conditions apply for the input avilable on reverse charge mechanism?
04 September 2012
The tariff no mentioned by is for capital goods cenvat availment.REstriction is only for capital goods. REnt a cab is input service. So, both are different. Rent a cab service can be taken for set off.
04 September 2012
For example in construction feild reverse charge paid in exempted project for rent a cab , security services & prw is eligibe for input?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
