Cenvat credit on processing fees paid to bank
This query is : Resolved
31 December 2012
Sir,
We are a manufacturing company, as part of expansion, we have availed Term loan and working capital loan from a bank.
We have paid processing fees towards disbursement of the loan.
Can we take credit on the service tax paid for the above mentioned loans?
We are a manufacturing company, as part of expansion, we have availed Term loan and working capital loan from a bank.
We have paid processing fees towards disbursement of the loan.
Can we take credit on the service tax paid for the above mentioned loans?
31 December 2012
Yes you can. Ensure you have proper documents duly certified by bank.
31 December 2012
Dear Sir,
Thank you very much.
Please let us know, what document is required for taking the credit on service tax?
Also can this credit be utilized for payment of duty on clearance of finished goods?
Shrirang
Thank you very much.
Please let us know, what document is required for taking the credit on service tax?
Also can this credit be utilized for payment of duty on clearance of finished goods?
Shrirang
31 December 2012
Bank certificate.
Yes can beused to pay CE.
Yes can beused to pay CE.
31 December 2012
Dear Sir,
Thank you very much
Thank you very much
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
