Bank interest/commission by banks are eligible for st credit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2014
Hi! Club Members,
For any bank/financial institution collected the bank interest/bank commission (with service tax) are eligible to take credit of that Service Tax, whose account they're charged accordingly in their statement.
Please clarify at the earliest and do needful.
For any bank/financial institution collected the bank interest/bank commission (with service tax) are eligible to take credit of that Service Tax, whose account they're charged accordingly in their statement.
Please clarify at the earliest and do needful.
arihant kumar jain
(Expert)
23 April 2014
Dear, Bank Cant charge service tax on interest.
and a registered manufacturer and registered service provider can avail credit of service tax
please refer cenvat credit rules for deep clarification.
and a registered manufacturer and registered service provider can avail credit of service tax
please refer cenvat credit rules for deep clarification.
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