cenvat credit on service tax paid on premium of keyman insur
This query is : Resolved
Amit Maheshwari
(Querist)
10 October 2010
whether one can claim cenvat credit on service tax paid on premium of keyman insurance policy ? if yes than what is the procedure & conditions? whether any decided caselaw is available in this regard?.........Weather
it is necessary to show the keyman insurance policy premium in COST SHEET AS PER CAS-4 ?
it is necessary to show the keyman insurance policy premium in COST SHEET AS PER CAS-4 ?
Madhukar N Hiregange
(Expert)
10 October 2010
Since it is for the purpose of business the same should be allowed.Will fall inot the last part of the defintion of input service- activties relating to business..
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Badri Kharat
(Expert)
21 October 2010
it is very clear as per the definition of input service as it WC Premium is input service.
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