10 October 2010
whether one can claim cenvat credit on service tax paid on premium of keyman insurance policy ? if yes than what is the procedure & conditions? whether any decided caselaw is available in this regard?.........Weather it is necessary to show the keyman insurance policy premium in COST SHEET AS PER CAS-4 ?
10 October 2010
Since it is for the purpose of business the same should be allowed.Will fall inot the last part of the defintion of input service- activties relating to business..