Credit on Service Tax, Service Tax

[NANDA H.L.]

Hello

We registered with Excise (manufacture of precision turned parts) and Service Tax under category GTA. Shall we avail Service Tax credit for the following, please suggest.

1. One of our customers located in Nashik. As per PO and contract, we need to deliver the parts at customer door step. The Transporter charging full service tax 12.36% and we are paying as per invoice. Shall we take credit of Service Tax paid towards Freight outward? If we are eligible to take credit, from which period we can avail the Service Tax? Since this activity we are doing from 2013.
2. Company made Group Mediclaim policy and Group personal accident insurance for the Employees and Staff. Shall we avail Service Tax credit?
3. Our Bankers charging processing Fee on yearly renewal and NEFT charges. Shall we take credit for the same?
4. Factory covered under Fire Insurance? Vehicle insurance?

Please suggest

Regards

Ravi

Posts / Replies

[YAGAY AND SUN]

Dear Ravi,

On point no 1 you can avail CENVAT credit upto the place of removal.

On point no 2 CENVAT credit cannot be availed.

On point no 3 you can avail the CENVAT credit.

On point no 4 you can avail the CENVAT credit.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)