SANJEEV KUMAR (Finance professional) (227 Points)
17 December 2011Recently, it has been amended that Cendvat on service tax paid on Rent of cab is not available.Kindly anyone can guide me from which date it is effective.
Thanks and regards
EKALABYA TALUKDAR
(SERVICE TAX CONSULTANT)
(666 Points)
Replied 17 December 2011
.
Date of introduction: 16.07.1997
Notification No.26/97-ST dt.11.07.1997
Tax payable on 40% of Bill
Notification No. 1/2006-ST dated 01.03.2006
.
.
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 17 December 2011
Yes,
Cenvat is not allowed to be utilised if you claim abatement as per Notification No.1/2006 dated 01.03.2006.
CAclubindia
