Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2015 Dear all.
the bank has debited some rupees in the statement of my over draft account.
should i avail ST input debited in bank statement as ST,

Mahesh Paryani

Mahesh Paryani (Expert)
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14 March 2015 Dear Anonymus,

Only services consumed for providing output services directly or indirectly can be considered for CENVAT credit.

Bank overdraft is a financial arrangement of the entity therefore as per my opinion cenvat credit cannot be taken.

Regards