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Cliaim of service taax on insurance charges

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(Querist)
07 March 2012 Service Tax on insurance charges at the time of purchase a Fixed Asset can be claimed or not
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
10 March 2012 If this asset is business asset, you can claim ITC
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rajula gurva reddy

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rajula gurva reddy (Expert)
11 March 2012 If the asset is used in production of goods or in providing services, you are entitled for Cenvat Credit of Insurance on the said fixed asset.
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