“input service” means any service, - (i) used by a provider of taxable service for providing an output service; or (ii) used by a manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products upto the place of removal, and includes services used in relation to modernisation, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, security, business exhibition, legal services, inward transportation of inputs or capital goods and outward transportation upto the place of removal; but excludes services,- A.... B..... C......
It is clear from above definition that input services includes all office, administrative and selling expenses. Expressly it includes financing charges also. Accordingly i conclude that you can avail the cenvat credit on bank charges.
For any services to be included in the definition of input service, it is not mandatory that it should be direclty used for provision of output services.
I hope above is sufficed for you.
If you are satisfied by my reply then say thanks by clicking on thanks user icon.
CAclubindia
