Service Tax paid on Banking Services

This query is : Resolved 

04 May 2011 While making outward remittance bank is charging Service Tax under the category of Service - Banking & Financial Services.
My question is, can we utilise the same as input credit for Service Tax paid to bank.
Please help me in this matter.

04 May 2011 Yes eligible under the earlier and present provisions of cenvat credit.

04 May 2011 yes u can utilise the same as input credit for Service Tax paid to bank.


04 May 2011 I WILL AGREE WITH TWO ABOVE REPLY



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