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    <title>Cenvat credit availment on rent a cab service</title>
    <link>https://www.taxtmi.com/forum/issue?id=107182</link>
    <description>CENVAT credit on rent a cab services is generally excluded where the service is defined outside Input Service and where abatement is availed; credit is available if the provider does not avail abatement and charges tax. An amendment creates an exception allowing full credit when the service is received from a person in the same line of business (e.g., a sub contractor), while where tax is paid on full value (no abatement) credit is restricted to 40% of the input service credit. Reverse charge payments for rent a cab are not eligible for credit.</description>
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    <pubDate>Sun, 17 Aug 2014 19:54:28 +0530</pubDate>
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      <title>Cenvat credit availment on rent a cab service</title>
      <link>https://www.taxtmi.com/forum/issue?id=107182</link>
      <description>CENVAT credit on rent a cab services is generally excluded where the service is defined outside Input Service and where abatement is availed; credit is available if the provider does not avail abatement and charges tax. An amendment creates an exception allowing full credit when the service is received from a person in the same line of business (e.g., a sub contractor), while where tax is paid on full value (no abatement) credit is restricted to 40% of the input service credit. Reverse charge payments for rent a cab are not eligible for credit.</description>
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      <law>Central Excise</law>
      <pubDate>Sun, 17 Aug 2014 19:54:28 +0530</pubDate>
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