Service tax credit on cash management charges (bank charges)

This query is : Resolved 

11 February 2009 Is service tax credit is available for the service tax charged by the bank on various services provided by it.
If Yes whethe it is available in 100% or in any other %.

Thanks
Prabhat Chawla

12 February 2009 Yes. 100% service tax paid is available as cenvat credit.



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