Service tax payble to bank and cenvat available to it
This query is : Resolved
18 July 2013
Please guide me on the issue of service tax applicable to the bank, % of cenvat credit of service tax available on input service tax paid by the bank.
19 July 2013
As per CENVAT RULE, Input services used into manufacturing of dutiable goods is considered to avail CENVAT credit.. In ur case, bank doesn't form part of manufacturing goods, so its not availed.
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