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Input service tax credit

This query is : Resolved 
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(Querist)
22 January 2013 Can service tax paid on bank charges be adjusted/set off with the service tax/excise duty payable??
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CA Nikhil Bhansali

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CA Nikhil Bhansali (Expert)
23 January 2013 Yes being a financial services.. specifically allowed in def of Input Service

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