Cerdit on service tax
This query is : Resolved
19 November 2011
I wanted to inquire whether the credit of service tax will be available on Erection All Risk insurance policy. Our Company is providing erection and commissioning service relating to solar power plant, the insurance policy taken is of sites in which erection work is carried on.
Thanks
Thanks
19 November 2011
As per rule 2(l) of CENVAT credit rules, 2004, input service, inter alia, means any service used by a provider of taxable service for providing an output service and includes various input services specifically provided. But these specific input services do not includes insurance service. So now question is that how to establish relationship between insurance services and erection and commissioning services as input and output services. You just check out that the what kind of risks are covered by above insurance policy and how u can relate it as input service in respect of output services.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
