11 April 2014
We are engaged in Broking business. We have recd a bill from CRISIL regarding Surveillance Fees on Outstanding Bank Loan Rating with charging S.Tax thereon.
Can we avail S.Tax charged by CRISIL. Kindly give your reply with ref. clause/sub clause
11 April 2014
Sir you can avail the credit of service tax paid .Please refer to Input service definition under Clause (l)of the Cenvat Credit Rules,2004 which state credit rating as an eligible input service.
CAclubindia
