Cenvat credit

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Student
453 Points Posted on 03 November 2016
Whether Cenvat Credit can be taken on car insurance premium paid used for business purpose?
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On 03 November 2016 at 16:56 Report
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SEO Sai Gr. Hosp.
212569 Points Posted on 03 November 2016

Does car is owned by the SP? Is it utilized only for the business?

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On 03 November 2016 at 18:13
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Student
453 Points Posted on 04 November 2016

Yes.It Is utilized for business.Car as well as the insurance is taken in the name of director.Than can the cenvat credit be utilized?

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On 04 November 2016 at 15:37
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SEO Sai Gr. Hosp.
212569 Points Posted on 04 November 2016

Not allowed.

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On 04 November 2016 at 18:57

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