Can a co-op bank take cenvat credit of Audit fees paid to an auditor or GICGC premium paid.
Abhijeet Khivansara (Student) (263 Points)
14 February 2014Can a co-op bank take cenvat credit of Audit fees paid to an auditor or GICGC premium paid.
CA Ashok Agrawal
(Chartered Accountant)
(60 Points)
Replied 14 February 2014
Refer Definition of input services under CCR 2004. IN that the auditing has been specifically included in input services so CENVAT can be taken if other provsions are complied with.
Further CENVAT on insurance related to employees can not be taken as speifically excluded.
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