TaxTMI 
TaxTMI 
Input Credit
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....nput Credit<br> Query (Issue) Started By: - Indrajit Mondal Dated:- 17-5-2017 Last Reply Date:- 17-5-2017 Service Tax<br>Got 2 Replies<br>Service Tax<br>Dear All, We also paying telephone bills/insur....
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....ance 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, Se....
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....rvice 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 be....
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.... 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, registe....
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....red 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 skil....
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....l. 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 vehicles....
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..... Reply By Gorantla Bhaskar Rao: The Reply: Very rightly explained by Rajagopalji. I agree with him.<br> Discussion Forum - Knowledge Sharing ....