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Cenvat credit on servicetax paid on insurance premium of car

This query is : Resolved 
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(Querist)
01 November 2012 Dear Experts,

I need your view on the following queries:

1. Can Company take CENVAT Credit on Service Tax paid on Insurance Premium paid on Motor Car?

- Both in case its owned motor car and in case it is hired from its employee.



2. Company has hired Motor Car from its emplyee and company pays rent for motor car. Now as per Reverse Charge Mechanism Company needs to pay Service Tax on rent paid on motor car as a Service receiver.

Now Can company take CENVAT Credit paid on such rent paid on motor car hired from employee?



Regards,

CS Samiksha Kansara
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CA Sahil Singla..

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CA Sahil Singla.. (Expert)
01 November 2012 1. No cenvat credit available for Tax paid on Insurance premium in both cases.

2. No Cenvat available as per new rules
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CS Samiksha

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CS Samiksha (Querist)
02 November 2012 Thank you Sahil...
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