Cenvat on key man insurance policy (as per cenvat rule 2011)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2012
As per Cenvat Rule 2011-
is cenvat on Service tax paid on Key man Insurance Policy allowed? and why?
if any case law, circular please provide.
is cenvat on Service tax paid on Key man Insurance Policy allowed? and why?
if any case law, circular please provide.
31 August 2012
keyman insurance is issued for one person, and not an input for providing output service.
unless the definition of input is confirmed, i.e its used in providing taxable service or taxable goods, the input credit is barred.
unless the definition of input is confirmed, i.e its used in providing taxable service or taxable goods, the input credit is barred.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2012
Dear sir
Key man insurance policy not used for personal use of employee, than why its credit not allowed.
Key man insurance policy not used for personal use of employee, than why its credit not allowed.
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