1. Can Company take CENVAT Credit on Service Tax paid on Insurance Premium paid on Motor Car?
- Both in case its owned motor car and in case it is hired from its employee.
2. Company has hired Motor Car from its emplyee and company pays rent for motor car. Now as per Reverse Charge Mechanism Company needs to pay Service Tax on rent paid on motor car as a Service receiver.
Now Can company take CENVAT Credit paid on such rent paid on motor car hired from employee?
CAclubindia
