TaxTMI 
TaxTMI 
Input Service credit - Insurance policy for the Barges & Tugs -Reg
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....nput Service credit - Insurance policy for the Barges & Tugs -Reg<br> Query (Issue) Started By: - vinay wakde Dated:- 7-3-2012 Last Reply Date:- 7-3-2012 Service Tax<br>Got 2 Replies<br>Service Tax<br....
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....>Our company owned Barges & Tugs which are used for bringing the indegenious raw materials from various ports & also used for the transporation of finished goods from jetty to high seas in case of Exp....
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....ort. The company has taken Insurance policy such as Hull & Machinery Policy, War Risk policy etc. for their Barges & tugs & also Third party Liability policy to cover the risk of damage the jetty by t....
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....hird party Barges which are arriving from other ports. We are registered under service catagory "Supply of Tangible Goods " under Service Tax. We are service receiver as well as service provider under....
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.... the said catagory. Kindly clarify whether the CENVAT credit to the extent of Service Tax paid on referred Insurance policy is eligible or not ? Regards, VINAY Reply By Pradeep Khatri: The Reply: ....
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.... If it enhance the quality of output services then you can avail the CENVAT Credit on input services. Reply By Naveed S: The Reply: The above insurance services are covered under the definition of "....
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....input service", and the same are the services in relation to the business of your company. Just close your eyes and avail cenvat credit for such service tax paid on insurance policy. There are also ....
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....various judgements in your favour.<br> Discussion Forum - Knowledge Sharing ....