Cenvat credit of servicetax charged on bankcharges

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CA Himali Gajjar

CA Himali Gajjar (Querist)
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04 December 2012 can we avail the credit of service tax charged by banks on bank charges against excise liabilities?

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 December 2012 Yes.. you can very well avail the credit of such input service.

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@VaibhavJ

@VaibhavJ (Expert)
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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

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