CA HIRAL PATEL (CHARTERED ACCOUNTANT) (536 Points)
15 December 2010Can a company can take ser. tax. credit on insurance premium paid.
any type like fire & stock,
-director are travelling in forigen tours for the perpose company
can company can take credit on above insurance premium paid .
JITENDRA KUMAR DHINGRA
(Executive)
(93 Points)
Replied 16 December 2010
Yes, a company can avail the credit of input of service tax paid on insurance premium paid by the assessee.
chintan patel
(Chartered Accountant)
(211 Points)
Replied 17 December 2010
Input credit can be taken of the service tax paid on input services utilised directly or indirectly for the purpose of providing output service or for the purpose of output goods.....so service tax paid on any kind of service which is relating to provision of output service, credit can be taken as per CENVAT credit rules......so in above case also if the conditon fulfills then credit can be taken vaildely......!
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 21 December 2010
| Originally posted by : hiralpatel | ||
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Can a company can take ser. tax. credit on insurance premium paid. any type like fire & stock, -director are travelling in forigen tours for the perpose company can company can take credit on above insurance premium paid . |
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