27 February 2016
Can an output service provider claiming cenvat credit be eligible to take cenvat credit of service tax debited by bank on bank charges?
28 February 2016
Yes service tax paid on bank charges, telephone bills, etc. can be claimed as input tax credit. However if the assessee provides both taxable and exempt services, and he does not maintain separate accounts, he would have to opt for pro-rata utilization as per Rule 6 (3A) of the CENVAT Credit Rules, 2004.
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