INPUT CREDIT

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..... INPUT CREDIT
Query (Issue) Started By: - janakiram g Dated:- 17-2-2015 Last Reply Date:- 17-2-2015 Service Tax
Got 1 Reply
Service Tax
Sir/Madam I am working for General Insurance Compan .....

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..... y. As a part of our business, we need to settle all sorts of claims for which premium collected by us. Motor claims which is one of department in General insurance business where claim settlement invo .....

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..... lves cost of replacement of parts and Labour charges for repairing the vehicle etc. When a vehicle met with accident, repair of such vehicle will normally done at Authorised Dealer/ Authorised repaire .....

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..... r who levies Service Tax (ST ) on labour charges for repairing vehicle. Dealer raises all bills - parts and labour charges, in the name of Insured. These claims ( Motor Accidental Claims ) paid either .....

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..... to Insured or Dealer directly. When we settle these claims to insured / dealer, whether ST charged on labour can be claimed as Input credit by our company. Kindly Clarify. Reply By Naveed S: The Rep .....

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..... ly: Sir, such credit does not appear to be eligible to your insurance company.
Discussion Forum - Knowledge Sharing .....

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