CREDIT OF INPUT SERVICE

This query is : Open

NITIN BANSAL (Querist)
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03 February 2009 CAN ANY ONE TELL ME WHETHER CREDIT OF SERVICE TAX PAID ON MEDICLAIM INSURANCE POLICY FOR ITS EMPLOYEES BY A MANUFACTURING CO. IS AVAILABLE OR NOT ?

PLZ REFER RULE OR CASE LAW, IF ANY

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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04 February 2009 You cannot claim service tax credit. Service tax credit will be given for services taken and utilsied directly for manufacturing the product.

NITIN BANSAL

NITIN BANSAL (Querist)
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17 March 2009 Plz ans in supporting with any rule or case law

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Dayal

Dayal (Expert)
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19 April 2009 Any expense which is treated as business expense is allowed.

Only that part of the claim will be disallowed where the family of the employee is covered.

But this again is debatable to the extent that it is still a business expense

NITIN BANSAL

NITIN BANSAL (Querist)
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05 May 2009 1