Input Service Tax Credit
This query is : Resolved
29 April 2011
Can a Manufacturer take the credit on service tax on insurance of vehicle & assets. Which paid by itself. ?
Thanks
Thanks
Guest
Guest
(Expert)
29 April 2011
Yes Manufacturer can take credit of Service Tax paid on Insurance charges of Vehicles and Assets, provided that such vehicles and Assets are used in the process of Manufacturing Activity, directly or indirectly.
Yes Manufacturer can take credit of Service Tax paid on Insurance charges of Vehicles and Assets, provided that such vehicles and Assets are used in the process of Manufacturing Activity, directly or indirectly.
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