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Service tax

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Querist : Anonymous

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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,
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Mahesh Paryani

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Mahesh Paryani (Expert)
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

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