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Service tax input

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(Querist)
28 June 2014 Can service tax input be taken on the insurance premium paid for car used for business purpose.?
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CMA Nishad Patkar

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CMA Nishad Patkar (Expert)
02 July 2014 You can take the credit of Insurance premium only if Car is a Capital Goods as per Rule 2(a) of Cenvat Credit Rules, 2004.

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