Availment of service tax paid on car purchased.

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This query is : Resolved

8939650622 (Querist)

01 June 2016 hi expert,
i am doing the audit of manufacturing company, the company purchased the innova car recently and have taken insurance on that car. the insurance company charged the service tax on it. can the company can avail the cenvat credit on it?

Arun Kumar Singh

Arun Kumar Singh (Expert)

01 June 2016 You cannot avail the cenvat credit.

Rupesh Jain

Rupesh Jain (Expert)

01 June 2016 NO, you can not take, due to this is not using for mfg. activity.

8939650622

8939650622 (Querist)

01 June 2016 hi experts pls try to find out answers in favour of our clients, subject to the provisions of the act

8939650622

8939650622 (Querist)

01 June 2016 madhukar sir has given a opinion in favour of the client...

Rupesh Jain

Rupesh Jain (Expert)

01 June 2016 when query related to law, then we cannot give answer against the law. if we give the its ok then you have to pay the intt. on cenvat taken and 25% of penalty on the cenvat amount.

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