TaxTMI 
TaxTMI 
Whether the company can take cenvat credit for the service tax paid on insurance of motor car (given to employees) and service tax on mobile phone (in the name of company)
Cenvat credit of service tax paid on insurance of motor car
12 Aug 2008 
1 Reply 
2590 Views Asked by
Cenvat credit availability: service tax on motor car insurance and company mobile phone deductible when related to business.
Cenvat credit of service tax paid on insurance of a motor car provided to employees and on company mobile phone services is claimable provided those services are related to business; the business nexus is the operative eligibility condition. (AI Summary)
Cenvat credit of service tax paid on insurance of a motor car provided to employees and on company mobile phone services is claimable provided those services are related to business; the business nexus is the operative eligibility condition. (AI Summary)
