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.
Menu
Service tax credit
Replies (1)
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.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
