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2014 (1) TMI 405 - AT - Service TaxWaiver of pre-deposit - Availment of CENVAT Credit - Credit taken on Insurance, Air Fare/Air Tickets, Taxi/Car Hiring, Insurance Charges, Maintenance and Repair Charges - Held that:- Cenvat credit of Service Tax paid on the services availed by the appellant on Air Fares/Air Tickets and Taxi/Car Hiring, Insurance Charges, Maintenance and Repair Charges was in respect of the expenses incurred by them for the logistical purposes of the appellants’ work is for business purposes. This specific plea has been taken by the appellant before both the lower authorities but they have not addressed to this plea in proper perspective. As regards the Service Tax paid on insurance charges, it is seen that the insurance was taken for various stocks lying in different branches and insurance has been taken to protect the assets from fire, theft and also from other damages - Service Tax paid on the above mentioned services are in relation to the business of the assessee - insurance charges paid on the services are in relation to the business of the assessee and Cenvat credit of Service Tax paid on the services cannot be disallowed - Following decision of Stanzen Toyotetsu India Pvt. Ltd. [2008 (12) TMI 118 - CESTAT BANGLORE] - Stay granted.
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