Can a company can take ser. tax. credit on insurance premium paid.
any type like fire & stock,
-director are travelling in forigen tours for the perpose company
can company can take credit on above insurance premium paid .
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Service tax receivable
Replies (1)
for factory premises wherefrom taxable goods or services are provided, insurence premiums service tax may be allowed to credit, but not on tour insurence, as the travel insurence is related to person only where the beneficiary would be related to person only - not the company,
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