03 April 2009
Hi friends, i have a query. Pls clarify the same. My client has paid medical insurance premium of Rs.5000+ Service tax .Whether he is eligible to claim for net insurance premium only (Rs.5000) or insurance premium incl service tax (Rs.5000+ST).
pls give ur valuable replies to - siva_sankar_c1984@yahoo.com
03 April 2009
There should not be any service tax on medical premium payment. If there is and he is claiming credit of servce tax then e can nly claim Rs. 5000.