Service Tax Credit For General Insurance Company
This query is : Resolved
11 June 2008
Dear sir,
I want to know can, a company engaged in general insurance business who receives service tax on premium collected and pays service tax on agency commission,take service tax credit on any other supplier's invoice? e.g.if invoice received from stationer and he charges service tax in his invoice.Is this S.T. eligible for s.t.credit?
Rahul Mathur
I want to know can, a company engaged in general insurance business who receives service tax on premium collected and pays service tax on agency commission,take service tax credit on any other supplier's invoice? e.g.if invoice received from stationer and he charges service tax in his invoice.Is this S.T. eligible for s.t.credit?
Rahul Mathur
12 June 2008
I want to know can, a company engaged in general insurance business who receives service tax on premium collected and pays service tax on agency commission,take service tax credit on any other supplier's invoice? e.g.if invoice received from stationer and he charges service tax in his invoice.Is this S.T. eligible for s.t.credit?
Rahul Mathur
Rahul Mathur
20 June 2008
Yes.its 100% available as cenvat credit
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