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Service tax credit on cash management charges (bank charges)

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(Querist)
11 February 2009 Is service tax credit is available for the service tax charged by the bank on various services provided by it.
If Yes whethe it is available in 100% or in any other %.

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Prabhat Chawla
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Rajesh Kumar

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Rajesh Kumar (Expert)
12 February 2009 Yes. 100% service tax paid is available as cenvat credit.

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