Cliaim of service taax on insurance charges

This query is : Resolved 

07 March 2012 Service Tax on insurance charges at the time of purchase a Fixed Asset can be claimed or not

10 March 2012 If this asset is business asset, you can claim ITC

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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