name certain services where input credit is not allowed
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 27 July 2013
1.All benefits and perqs to employee ....are not input service as per Rule 2(l) of CCR,2004
For Eg.-ST paid by company (with premium) on Insurance policy taken on life of employees
2.ST paid on works contrcact, construction services etc.....are also excluded from the defin of input sercvices