Availment of service tax paid on car purchased.
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?
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
(Expert)
01 June 2016
You cannot avail the cenvat credit.
Rupesh Jain
(Expert)
01 June 2016
NO, you can not take, due to this is not using for mfg. activity.
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
(Querist)
01 June 2016
madhukar sir has given a opinion in favour of the client...
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Reward for festival
- Employee secondment
- Ito add credit side of bank
- ARCA LOGIN
- Rent agreement of House of deceased person
- Import of Capital Machine
- Form 144 TDS Return Validation error
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
