Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Cenvat credit is allowable of Service tax paid on the insurance premium to the Insurance Company for Group Insurance and medi-claim policies taken for existing employees as well as for the retired employees

Cenvat credit is allowable of Service tax paid on the insurance premium to the Insurance Company for Group Insurance and medi-claim policies taken for existing employees as well as for the retired employees - Service Tax - By: - Bimal jain - Dated:- .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the Service tax paid on the life insurance/ medi-claim policy for the existing employees and retired employees is ineligible as they are not covered under the definition of Rule 2(l) of the Credit Rules. Held: The Hon ble CESTAT, Mumbai, held that t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

decided in the Appellant's own case in RELIANCE INDUSTRIES LTD. Versus COMMR. OF C. EX. & S.T. (LTU) , MUMBAI Appeal No. E/1283/2012-Mum [2015 (7) TMI 231 - CESTAT MUMBAI] wherein it was held that such credit is available relying on the judge .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

definition of the term Input services as was prevalent prior to April 1, 2011, which specifically mentioned activities relating to business under includes-clause . However, post facto April 1, 2011, definition of the term Input service given under R .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ve from April 1, 2011, one has to be very careful while determining eligibility of any Input service under Rule 2(l) of the Credit Rules. Further, effective from April 1, 2011, scope of wide interpretation of the term Input service has been further c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and plastic surgery, membership of a club, health and fitness centre, life insurance, health insurance and travel benefits extended to employees on vacation such as Leave or Home Travel Concession, when such services are used primarily for personal u .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

meant for personal use or consumption by an employee or the cost of which is included as part of salary of the employee as a cost to company basis. When, the outdoor catering service is used in relation to business activities of the appellant and th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

for the ease of reference: …4.1 I find considerable force in the submissions made by the ld. Counsel for the appellant, that what is excluded is only the services primarily for personal use or consumption of any employee under clause (C) .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version