Dear sir,
i am working with rent-a-cab service provider company, we are claiming abatement of 60% and charging 40% of service tax from client (Individual or company), we are also receiving services from another rent-a-cab service provider who is also claiming abatement, can we take input credit of such service received against output service.
thanx in advance for quick response.
Rent-a-Cab Service Provider Ineligibility for Input Credit with 40% Abatement Under Notification No. 8/14-ST A rent-a-cab service provider inquires about the eligibility to claim input credit on services received from another provider who also claims a 60% abatement. Responses highlight that input service credit is governed by Notification No. 8/14-ST, which amends the original notification No. 26/12-ST. It is emphasized that under these provisions, CENVAT credit on inputs and services is not allowed if the provider avails a 40% abatement. The discussion underscores the need to adhere to the conditions specified in the relevant notifications for eligibility. (AI Summary)
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