<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Motor vehicle rental qualifies as capital good u/r 2(a) CENVAT Credit Rules; rent-a-cab service credit admissible.</title>
    <link>https://www.taxtmi.com/highlights?id=40779</link>
    <description>CENVAT Credit - input services - rent-a-cab - in terms of clause (B) of definition of capital goods provided under Rule 2 (a) the motor vehicle taken on rent by the appellant is a capital good. Therefore, it does not cover under the exclusion entry provided under clause 2 (e) under sub clause B of Rule 2(a) of CENVAT credit rules. Therefore, rent a cab is an admissible input service and credit is admissible.</description>
    <language>en-us</language>
    <pubDate>Fri, 10 Aug 2018 08:05:09 +0530</pubDate>
    <lastBuildDate>Fri, 10 Aug 2018 08:05:09 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=530224" rel="self" type="application/rss+xml"/>
    <item>
      <title>Motor vehicle rental qualifies as capital good u/r 2(a) CENVAT Credit Rules; rent-a-cab service credit admissible.</title>
      <link>https://www.taxtmi.com/highlights?id=40779</link>
      <description>CENVAT Credit - input services - rent-a-cab - in terms of clause (B) of definition of capital goods provided under Rule 2 (a) the motor vehicle taken on rent by the appellant is a capital good. Therefore, it does not cover under the exclusion entry provided under clause 2 (e) under sub clause B of Rule 2(a) of CENVAT credit rules. Therefore, rent a cab is an admissible input service and credit is admissible.</description>
      <category>Highlights</category>
      <law>Central Excise</law>
      <pubDate>Fri, 10 Aug 2018 08:05:09 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=40779</guid>
    </item>
  </channel>
</rss>