CENVAT ON RCM OF RENT A CAB

[Tushar Kalid]

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 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?

AI Summary

Cooperative Credit Society Questions GST and RCM Liabilities on Bus Hire for Members; CENVAT Credit Eligibility Explored A cooperative credit society hired a bus to transport members from the office to the railway station and is questioning its GST obligations. Specifically, the society seeks clarity on whether it must pay GST on the amounts recovered from its members and if it is liable for Reverse Charge Mechanism (RCM) on the bus service hired from an individual. Additionally, the society inquires about the eligibility to claim CENVAT credit. One response indicates that under Notification 26/2012, service tax applies to 40% of the gross amount for rent-a-cab services, with limited CENVAT credit available for motor cabs. Another response suggests the query pertains to GST.