CENVAT Credit on Insurance Policy of Employee of the firm

[Bhavesh Patel]

Whether CENVAT Credit is available on Insurance Policy has taken by the employer for the Employees under Workmen Compensation Act??

The employee is deployed by the employer (Service Provider) at a particular place for providing the services and to cover the risk the employer has taken Insurance Policies in the name of employees based on their salaries under the Workmen Compensation Act. Whether Service Tax paid on such Insurance Policies is allowed as CENVAT Credit to the employer or not??

Whether CENVAT Credit is available on Insurance has taken for the vehicle used for the purpose of business??

AI Summary

Employers Can Claim CENVAT Credit for Insurance Policies Covering Employees and Business Vehicles, Tribunal Confirms A discussion on a forum addresses whether CENVAT Credit is available for insurance policies taken by employers for employees under the Workmen Compensation Act and for vehicles used for business purposes. The query seeks clarification on whether the service tax paid on such insurance policies can be claimed as CENVAT Credit by the employer. Responses reference a legal judgment indicating that CENVAT Credit on insurance policies is permissible, citing a specific case from the Mumbai Tribunal that supports this position.