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Cenvat credit

This query is : Resolved 
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(Querist)
25 May 2015 Dear Sir,

We are a manufacturer have taken Business loan form Bank. Bank has charged Processing fees and service tax thereon.
So can we take credit of such Service tax.

Thanks in Advance.
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CA Prince Wadhwa

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CA Prince Wadhwa (Expert)
25 May 2015 In my opinion Bank processing charges may be taken as "financing charges" and is eligible input service as it is Specifically mentioned in the definition of input services.

For further discussion in this regard you may contact the undersigned:

CA Prince Wadhwa
cawadhwaassociates@gmail.com
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