can credit of service tax paid on insurance premium availed? premium paid for insurance of stock & vehicle used for business.
Saurabh Toshniwal (ca final) (2363 Points)
19 March 2013can credit of service tax paid on insurance premium availed? premium paid for insurance of stock & vehicle used for business.
Prasad
(Sr. Manager)
(617 Points)
Replied 19 March 2013
If you mean cars or vehicles used for transport of people, you can claim credit if you are in the particular line of business else you will cannot claim Cenvat credit.
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