Cenvat credit
Vatsal (Student) (453 Points)
03 November 2016
Whether Cenvat Credit can be taken on car insurance premium paid used for business purpose?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178007 Points)
Replied 03 November 2016
Does car is owned by the SP? Is it utilized only for the business?
Vatsal
(Student)
(453 Points)
Replied 04 November 2016
Yes.It Is utilized for business.Car as well as the insurance is taken in the name of director.Than can the cenvat credit be utilized?
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