Cenvat credit on processing fees paid to bank
This query is : Resolved
31 December 2012
Sir,
We are a manufacturing company, as part of expansion, we have availed Term loan and working capital loan from a bank.
We have paid processing fees towards disbursement of the loan.
Can we take credit on the service tax paid for the above mentioned loans?
We are a manufacturing company, as part of expansion, we have availed Term loan and working capital loan from a bank.
We have paid processing fees towards disbursement of the loan.
Can we take credit on the service tax paid for the above mentioned loans?
31 December 2012
Yes you can. Ensure you have proper documents duly certified by bank.
31 December 2012
Dear Sir,
Thank you very much.
Please let us know, what document is required for taking the credit on service tax?
Also can this credit be utilized for payment of duty on clearance of finished goods?
Shrirang
Thank you very much.
Please let us know, what document is required for taking the credit on service tax?
Also can this credit be utilized for payment of duty on clearance of finished goods?
Shrirang
31 December 2012
Bank certificate.
Yes can beused to pay CE.
Yes can beused to pay CE.
31 December 2012
Dear Sir,
Thank you very much
Thank you very much
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