our company paid the Insurance , Bank charges, telephone bill include the service tax.,
that service tax is it eligible for credit
Menu
Service tax - credit
Replies (1)
Dear Jaganathan R
The input credit in respect of service tax paid on insurance charges, bank charges, telephone charges shall be available to the comapny.
It must be noted that the insurance must not be related to the insurances for employees since such input credit is not allowed to be availed as per the Cenvat Credit Rules, 2004.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
