Cenvat on key man insurance policy (as per cenvat rule 2011)


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2012 As per Cenvat Rule 2011-
is cenvat on Service tax paid on Key man Insurance Policy allowed? and why?

if any case law, circular please provide.

U S Sharma (Expert)
31 August 2012 keyman insurance is issued for one person, and not an input for providing output service.

unless the definition of input is confirmed, i.e its used in providing taxable service or taxable goods, the input credit is barred.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2012 Dear sir
Key man insurance policy not used for personal use of employee, than why its credit not allowed.


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