Can anyone tell me whether Cenvat credit can be availed on Insurance Premium paid ? Can it be claimed as a reciepient of Service
1 Replies
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 05 May 2010
If you can show that the insurance premium is being paid which is related to any of the final output service or goods produced by you , then yes Insurance premium would be considered as input service and CENVAT can be claimed.
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Regards
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