comapny has made foreign currency remittance and for which they have paid bank charges including service tax.can we take credit of this cenvat?give reason and reference too?
Rajeev Nair
(Finance Professional)
(510 Points)
Replied 05 January 2009
By " Company " what do you mean ? they are your customers ...!
Remittance is on what account ?
Clarify please...
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 05 January 2009
Yes, if the banking services is an input service for the output service you are providing, you are eligible for Cenvat. I am sure it is an input service.
OFFICESELVA
(Service)
(515 Points)
Replied 05 January 2009
What is the output service the company is rendering?
aasita
(ACA)
(387 Points)
Replied 06 January 2009
co is giving service to its subsidiary i.e they do share broking on behalf of the foreign customer or vice versa
Ameet
(L)
(1678 Points)
Replied 10 January 2009
Yes, services is used for providing output service, you are eligible for Cenvat.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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