TaxTMI 
TaxTMI 
CENVAT ON RCM OF RENT A CAB
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....ENVAT ON RCM OF RENT A CAB<br> Query (Issue) Started By: - Tushar Kalid Dated:- 15-11-2019 Last Reply Date:- 15-11-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>The co-op credit society....
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.... 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 recove....
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....red from members? Other question as per new notification, is society liable for RCM on bus service taken from individual? and can it claim cenvat? Reply By PRADEEP SHUKLA: The Reply: As per S.No. 9 ....
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....of Notification 26/2012, service tax is payable on 40 % of the gross amount in case of rent a cab service. The said entry, as it was effective from 01.07.2012 Renting of any motor vehicle designed to ....
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....carry passengers. 40 % No cenvat credit can be availed on any inputs, capital goods or input services. ... Motor cab means passenger vehicles carrying upto 6 passengers. It may be noted that limited c....
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....envat credit has been allowed for renting of motor cabs. Reply By Ganeshan Kalyani: The Reply: I guess the query is pertaining to GST.<br> Discussion Forum - Knowledge Sharing ....