Service tax credit
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
1. Service Tax Credit on Repair & Maintenance of Vehicle
Yes, it is available if the repair and maintenance (R&M) of the vehicle is related to the business.
For example, if the vehicle is used for business purposes (like transporting goods or employees), service tax paid on its R&M can be claimed as input credit.
2. Service Tax Credit on Insurance of Vehicle
If the vehicle insurance premium is for a vehicle used in the course of business (e.g., a company vehicle), then service tax credit on insurance is also available.
Since your company is a manufacturing company, and if the vehicle is used for business operations, you can claim CENVAT credit on service tax paid for insurance.
3. Place of Removal (Central Excise Act)
The Place of Removal is the location where the excisable goods are removed from the factory or warehouse.
It determines the point of taxation and where the excise duty becomes payable.
This can be the factory gate, warehouse, or any other place from where the goods are dispatched or transported.
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