Cenvat credit
This query is : Resolved
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.
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.
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
For further discussion in this regard you may contact the undersigned:
CA Prince Wadhwa
cawadhwaassociates@gmail.com
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