Service tax credit
This query is : Resolved
09 November 2013
I am conducting audit of a registered private co.
during audit I found that co. is not taking credit of service tax which is charged by insurance co. on insurance taken on building, plant & machinery, vehicles. Although co. is a manufacturing concern.
so my question is can co. takes the credit and setoff it against output Excise Duty
09 November 2013
YES
THE CREDIT IS ADMISSIBLE BEING INPUT SERVICE
THE CREDIT IS ADMISSIBLE BEING INPUT SERVICE
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