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Service tax credit on bank charges


Dear all,

We are  manufacturer, and goods cleared under excise and we have also avail credit of service tax. In concern of service tax  Bank have charge Processing fees and service tax is also apply on this charges. In this case we have input credit on such service tax on this advice. (Bank is not mention his Service tax no in bank advice)

Thanks

 
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SERVICE TAX CONSULTANT


 

YOU CAN CLAIM CENVAT CREDIT FROM EXCISE OUTPUT PAYMENTS

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Chartered Accountant


Please take a certifcate at the end of each quarter of the servic etax paid from the bank. They may have this report available. If not ask them to issue a certificate on their letter head with the ST registration number.,

 
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Originally posted by : Madhukar N Hiregange
Please take a certifcate at the end of each quarter of the servic etax paid from the bank. They may have this report available. If not ask them to issue a certificate on their letter head with the ST registration number.,

Respected sir,

Thank for your replay but i have small confusion about that,

If the bank will provide his S.tax no, so we taken credit under heading of "INPUT SERVICE TAX CREDIT" and it was input service or output service.??

Thanks again,

 
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