Service Tax Credit towards Reimb. to Contractor
This query is : Resolved
30 August 2007
To Srinatha Sir,
As a mfg co we can get credit of service tax of excise payment
We have some fabricator contractor in company. some emps. are working under them
As per the contract, we have assured them to reimbers the insurance premium of emps.
Insurance company provied service bill to our contractor i.e. Bill In the name of Contractor. insurance company charged service tax in their bill.
Our contractor put the bill for reimbers the above exp with the final figer
So My Q. is that Can we get credit of the service tax which charged by insurance company?
As a mfg co we can get credit of service tax of excise payment
We have some fabricator contractor in company. some emps. are working under them
As per the contract, we have assured them to reimbers the insurance premium of emps.
Insurance company provied service bill to our contractor i.e. Bill In the name of Contractor. insurance company charged service tax in their bill.
Our contractor put the bill for reimbers the above exp with the final figer
So My Q. is that Can we get credit of the service tax which charged by insurance company?
31 August 2007
Dear Sir
Unless there is a pure agent agreement between you and your contractor within the meaning of Rule 5 (2) of Service tax (Determination of Value) Rules 2006, you can not claim CENVAT credit since you will not have the insurance bill raised on your name.
Unless there is a pure agent agreement between you and your contractor within the meaning of Rule 5 (2) of Service tax (Determination of Value) Rules 2006, you can not claim CENVAT credit since you will not have the insurance bill raised on your name.
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