Credit of service tax on discounting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2014 one of our customer charge ST @12.36% on Bill discounting , the Audit party disallow the credit we have taken on discounting. the base of Disallowing credit is as this is not input services so we can't take credit , your expert opinion is awaited.

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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26 April 2014 why are u refuse your credits? reasons

1. my opinion your bill refuse due to invoice not correct as per 4A + 4B rules.

2 ask audit party superintendent and personally meet and discuss your audit party assistant commissioner for reasons are correct and why are u dissolved for credit and it is correct.