Whether CENVAT credit of Service Tax paid on Bank Guarantee/ Letter of Credit Commission can be taken or not?
CA Dolly Jain (CA, CS) (223 Points)
16 August 2012Whether CENVAT credit of Service Tax paid on Bank Guarantee/ Letter of Credit Commission can be taken or not?
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 16 August 2012
Yes, U can take input credit for ST on Commission on BG/LC as this is in the nature of general business operations and videly allowable.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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