Cenvat credit of servicetax charged on bankcharges
This query is : Open
04 December 2012
can we avail the credit of service tax charged by banks on bank charges against excise liabilities?
05 December 2012
Yes.. you can very well avail the credit of such input service.
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05 December 2012
hi Amit,
pl refer link..
http://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&ved=0CC0QFjAA&url=http%3A%2F%2Fwww.cenexahmedabad2.nic.in%2Fdoc%2FAC05%2FOIO0911.doc&ei=nmK_UJesHKa4iQfb-IH4Bw&usg=AFQjCNFz__IEHEWEPCl8ccZU9fRECHdx_Q
there is disallowance by commisioner in case of export services.
Also there is restriction on availment of CENVAT.
Thanks//vaibhav
pl refer link..
http://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&ved=0CC0QFjAA&url=http%3A%2F%2Fwww.cenexahmedabad2.nic.in%2Fdoc%2FAC05%2FOIO0911.doc&ei=nmK_UJesHKa4iQfb-IH4Bw&usg=AFQjCNFz__IEHEWEPCl8ccZU9fRECHdx_Q
there is disallowance by commisioner in case of export services.
Also there is restriction on availment of CENVAT.
Thanks//vaibhav
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