Cenvat Credit
This query is : Resolved
10 February 2017
Whether service tax credit is available when payment for premium paid for policy taken of group gratuity scheme for employees to Lic?
CA R SEETHARAMAN
(Expert)
10 February 2017
Yes cenvat credit available.
see the link.
https://taxguru.in/service-tax/cenvat-credit-of-service-tax-on-group-insurance-premium-and-mediclaim-for-existingretired-employees-allowable.html
see the link.
https://taxguru.in/service-tax/cenvat-credit-of-service-tax-on-group-insurance-premium-and-mediclaim-for-existingretired-employees-allowable.html
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10 February 2017
Assesse is providing service of rent of hall for wedding purpose & it is a trust
10 February 2017
Assesse is providing service of rent of hall for wedding purpose & it is a trust
10 February 2017
So it has no relation with output service, credit can be taken?
CA R SEETHARAMAN
(Expert)
10 February 2017
Credit can't be taken if there is no relation to out put service.
10 February 2017
But it is for the business purpose, also audit service availed where input
10 February 2017
Input credit is available, when it has no direct relationship with the output service,
10 February 2017
Under cenvat ,there is no specific exclusion on such services
CA R SEETHARAMAN
(Expert)
11 February 2017
See the link there is specific exclusion.
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