Dear sir,
My client is Govt. Contractors for Construction (R & B). He has to give Bank Guarantee to Govt. Now will he avail Input Service Tax on Services of Bank charges paid to bank for Bank Gurantee.
1 Replies
CA PRAMOD SARAOGI
(Chartered Accountant)
(1113 Points)
Replied 08 May 2010
Ofcourse , he can take the credit for the service tax paid on the Bank Charges incurred in respect of providing bank guarantee to the Govt. Bank guarantee should be provided in respect of the project on which no abatement is taken and should have a direct nexus with the Output Services namely Construction Services.
Recent Topics
- Treatment of Unamortized Preliminary Expenses as p
- Withdrawal of Excess Deposit from CGAS Account 
- IMS ACTION
- Adjustment GST Duty
- Entry and GSTR3B for Google Invoices
- SAC CODE FOR MATRIMONIAL WEBSITE
- Jewellery and precious stones as assets and its va
- Import of goods/service -ITC reversal if payment n
- Rule 86B of GST rules
- Entry and GSTR3B for Google Invoices?
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
