Service tax input credit on bank charges

This query is : Resolved 

Querist : Anonymous (Querist) 30 May 2012

Dear Sir,

Can we avail cenvet credit in respect of service tax paid on bank charges...

Thanks in advance....

Lekh Sood (Expert)
30 May 2012

Yes , as per definition of input service under Cenvat Credit Rules,2004.

Dayal (Expert)
31 May 2012

Yes the same is eligible

CA Harish Suwalka (Expert)
31 May 2012

dayal sir

banks usually don't issue invoices..
so what are the documents to support such credit ?

Lekh Sood (Expert)
31 May 2012

Bank advice usually show the break up charges and service tax.
Or you can take the details from bank separately showing the charges and service tax paid which is duly certified by the bank.

CA Harish Suwalka (Expert)
31 May 2012

thanks lekh

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