Service Tax Rebate
This query is : Open
22 October 2010
Hi,
Our company has done Insurance for Employees & their dependents, premium paid 5 Lakh + Service Tax of Rs. 51,500/-.
My question is this Can our company take service tax input credit of Rs. 51,500/- or not, please explain.
Thanks & waiting for your reply...
Dalton
Our company has done Insurance for Employees & their dependents, premium paid 5 Lakh + Service Tax of Rs. 51,500/-.
My question is this Can our company take service tax input credit of Rs. 51,500/- or not, please explain.
Thanks & waiting for your reply...
Dalton
22 October 2010
yes.credit can be taken
The rule2(1) gives the inclusive definition of input service all services used for activities relates to business are input services, the definition not says activites relating to business pertaining to manufacture or provision of output service.so all input service used in activites relating to business are input services
The rule2(1) gives the inclusive definition of input service all services used for activities relates to business are input services, the definition not says activites relating to business pertaining to manufacture or provision of output service.so all input service used in activites relating to business are input services
25 October 2010
Thanks for your reply,
I would like to confirm that can company take service tax input credit of premium paid for Employee's dependent also or not.
Thanks
Dalton
I would like to confirm that can company take service tax input credit of premium paid for Employee's dependent also or not.
Thanks
Dalton
25 October 2010
In this case my view is different, for paying Insurance premium for employee`s dependent may not be related to business
but other experts view also, invited
but other experts view also, invited
26 October 2010
Sir, Thanks for your reply. I also request to other respected Experts to give their opinion, Can company take service tax input credit of premium paid for Employee's dependent also or not.
Sir, Thanks for your reply. I also request to other respected Experts to give their opinion, Can company take service tax input credit of premium paid for Employee's dependent also or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Fixe term employment
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
