Service tax credit

[NANDA H.L.]

Dear All1. Shall we avail service tax credit on Telephone payments (telephone installed & billing address to company only)& also for the mobiles (Billing to company address & cell phone issued to company engineers & executives only)2. Credit on Insurances (company covered fire & theft)3. Bank charges on CC limitPlease suggest

AI Summary

Eligibility for Service Tax Credit on Telecom, Insurance, Bank Charges Explained; Rule 6(3) and CENVAT Credit Rules Key. A user inquired about the eligibility to avail service tax credit on telephone payments, mobile billing for company engineers and executives, insurance for fire and theft, and bank charges on credit card limits. Two responses were provided. One response indicated eligibility for manufacturers of dutiable goods or providers of taxable services, with potential restrictions under Rule 6(3) for exempt goods or services. The other response confirmed eligibility for CENVAT credit on input services, subject to the CENVAT Credit Rules, 2004, with reference to amendments effective from April 1, 2011.