Hiii,
We are a manufacturing industry. We are paying Forex Information Subsciption fees for getting information of forex on daily basis. They are charging service tax on Bill amount. Against this payment, can we claim credit?
CA, CMA (Service) (239 Points)
16 June 2011Hiii,
We are a manufacturing industry. We are paying Forex Information Subsciption fees for getting information of forex on daily basis. They are charging service tax on Bill amount. Against this payment, can we claim credit?
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 16 June 2011
You are paying Service Tax on forex information subscripttion fees on input service. any input service used by manufacturer whether directly or indirectly, in or relation to the manufacture of final product. I think you can not take cenvat credit.
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