Service Tax REceivable

Yes, a company can avail the credit of input of service tax paid on insurance premium paid by the assessee.

Input credit can be taken of the service tax paid on input services utilised directly or indirectly for the purpose of providing output service or for the purpose of output goods.....so service tax paid on any kind of service which is relating to provision of output service, credit can be taken as per CENVAT credit rules......so in above case also if the conditon fulfills then credit can be taken vaildely......!

all of you thanks

Originally posted by : hiralpatel
	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 .

• director travel - foreign tour- insurence- beneficiary 
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• now just eleborate - in this insurence where is the benefit of company? is company nominee? is company beneficiary? its directors personal insurence taken for travel purpose- pretaining to company use, for which company is paying him, 
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• service tax credit may be taken for factory inputs and services from where the output services or exisable outputs are cleared.  not on everything