Input credit - need to verify eligibility

This query is : Resolved

Ketan Gondaliya (Querist)
Follow

25 October 2013 We have obtained Working capital loan / to get Bank Guarantee from ICICI Bank.

In turn we have mortgage some of our office premises (As collateral security). ICICI Bank has gone for valuation of our office premises & raise a invoice as enclose

May i request you to guide us

Whether we are eligible to get the service tax paid by us as Input Credit ?

Thanks

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
Follow

26 October 2013 In the query, the copy of the invoice is not available.

However, the valuation i being made for banking facilities and the service tax is being paid to the banker.

On this assumption the service received is an Input service from the banker and the ST paid can be availed of as CENVAT Credit.