Cliaim of service taax on insurance charges
This query is : Resolved
Neeraj Sain
(Querist)
07 March 2012
Service Tax on insurance charges at the time of purchase a Fixed Asset can be claimed or not
10 March 2012
If this asset is business asset, you can claim ITC
rajula gurva reddy
(Expert)
11 March 2012
If the asset is used in production of goods or in providing services, you are entitled for Cenvat Credit of Insurance on the said fixed asset.
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