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.
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?
CAclubindia
