https://www.taxtmi.com/article/detailed?id=6991 Eligibility for Cenvat credit on rent-a-cab hinges on the interaction between the Input service exclusion and the Capital goods definition: a motor vehicle qualifies as capital goods only if used to provide specified services and registered in the service provider's name. That registration requirement creates uncertainty for hirers and financed vehicles registered to financiers. Two interpretations arise-one limiting credit to service providers whose vehicles satisfy capital goods criteria, the other assessing capital goods status in the hands of the cab supplier-making provisional credit with reversal under protest a pragmatic option. en-us Thu, 15 Sep 2016 06:45:48 +0530 Thu, 15 Sep 2016 06:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6991 Eligibility for Cenvat credit on rent-a-cab hinges on the interaction between the Input service exclusion and the Capital goods definition: a motor vehicle qualifies as capital goods only if used to provide specified services and registered in the service provider's name. That registration requirement creates uncertainty for hirers and financed vehicles registered to financiers. Two interpretations arise-one limiting credit to service providers whose vehicles satisfy capital goods criteria, the other assessing capital goods status in the hands of the cab supplier-making provisional credit with reversal under protest a pragmatic option. Articles Cenvat Credit Thu, 15 Sep 2016 06:45:48 +0530 https://www.taxtmi.com/article/detailed?id=6991