ICICI

Service tax credit


Sumanth Kumar G (Asst. Manager)     30 December 2016

Sumanth Kumar G
Asst. Manager 
 58 points

| My Other Post

Sirs,

We are a manufacturrers and  we are paying insurance on our Stocks, Rawmaterial, Buildings,Machinery and Vehicles (i.e. Transport goods and passenger).  Now my doubt is shall we take service tax credit on insurance paid amount. 

Aditya RVS (Practice)     30 December 2016

Aditya RVS
Practice 
 21 likes  221 points

View Profile | My Other Post

Insurance on Vehicles is not an eligible input service, specifically mentioned in the definition. Insurance on building is disputable. Input credit on Raw materials and machinery is eligible, subject to procedural and other requirements.


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