Input Credit

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..... Input Credit
Query (Issue) Started By: - Indrajit Mondal Dated:- 17-5-2017 Last Reply Date:- 17-5-2017 Service Tax
Got 2 Replies
Service Tax
Dear All, We also paying telephone bills/insu .....

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..... rance premium for car and machineries which also includes service tax can we claim the input credit against the output liability. Please reply.. Reply By Rajagopalan Ranganathan: The Reply: Sir, S .....

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..... ervice tax paid on telephone charges can be availed as input tax provided the telephone is used in the course of your business. Service tax paid on insurance premium paid in respect of machinery can b .....

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..... e availed since they are used in the manufacture of final product. As per rule 2 (a) (C) of Cenvat Credit Rules, 2004, "motor vehicle designed to carry passengers including their chassis, regist .....

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..... ered in the name of the provider of service, when used for providing output service of- (i) transportation of passengers; or (ii) renting of such motor vehicle; or (iii) imparting motor driving ski .....

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..... ll. If the motor vehicle possessed by you is for personal use of your employees or Directors etc., then you cannot avail the credit of service tax paid on insurance premium paid on such motor vehicle .....

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..... s. Reply By Gorantla Bhaskar Rao: The Reply: Very rightly explained by Rajagopalji. I agree with him.
Discussion Forum - Knowledge Sharing .....

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