Whether CENVAT credit of Service Tax paid on Bank Guarantee/ Letter of Credit Commission can be taken or not?
1 Replies
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.
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