15 January 2016
Can a company engaged is service take the input credit of the following services:
1. Service tax paid under RCM towards hiring of cars and coaches. 2. Service tax paid under RCM for import of services of professional nature. 3. Service tax paid on insurannce polices covering insurance premium of new car purchased and ST on insurance of public liability and professional indemnity polices. 4. telepphone,currency exchange and bills of professional services
19 March 2016
Thank you. A little doubt in case of insurance. i agree that in case of car insurance it is not eligible but what about the premium paid for public insurance, professional indemnity hwich is a normal adminstrative expenses.According to me It should be eligible.Pls revert your view.
CAclubindia
