banner_ad

cenvat credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 February 2011 I m an employee of an insurance co.
I want to know in case of repairing of capital goods the CENVAT credit can be availed by client or not?
And in case of insurance agent who is liable to pay service tax and which amount in case of commission and brokerage.
Profile Image

tarun goel

Profile Image

tarun goel (Expert)
27 February 2011 yes, cenvat credit on inputs used in repair of capital goods is available provided the manufactureer is otherwise eligible to avail cenvat credit. in case of insurance agent, the gross commission received by him from the company i.e bill received in respect of commission only and not the whole value of the insurance.
Profile Image

gopal kumar burma

Profile Image

gopal kumar burma (Querist)
12 March 2011 But sir in case of machinery lost some part in transit and it is repaired .The consern is a manufacturing concen then under this case the insurance co. is liable to pay Excise or VAT what may be the case ? If Yes or where do I get reference to see it ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details