https://www.taxtmi.com/forum/issue?id=109941 CENVAT credit on renting of motor cab services is conditionally allowable: full credit when the provider pays tax on an abated forty percent value, or credit limited to forty percent when the provider pays tax on full value; if abatement is inapplicable (for example where buses are used) tax treatment changes and parties may share liability. Renting of motor vehicles that are not capital goods is excluded from "input service," and the capital goods exception requires provider registration, creating a tension between exclusionary rules and notifications permitting credit. en-us Fri, 26 Feb 2016 09:05:10 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109941 CENVAT credit on renting of motor cab services is conditionally allowable: full credit when the provider pays tax on an abated forty percent value, or credit limited to forty percent when the provider pays tax on full value; if abatement is inapplicable (for example where buses are used) tax treatment changes and parties may share liability. Renting of motor vehicles that are not capital goods is excluded from "input service," and the capital goods exception requires provider registration, creating a tension between exclusionary rules and notifications permitting credit. Discussion-Forum Service Tax Fri, 26 Feb 2016 09:05:10 +0530 https://www.taxtmi.com/forum/issue?id=109941