Cenvat credit on service tax paid on depository charges
This query is : Resolved
28 April 2010
If an educational institute which is a service provider is paying depository charges on shares purchased from the income of institute. Can institute avail the credit of service tax paid on these charges against its own service tax liability?
28 April 2010
The depository service received can not be considered as used for providing the output service of Commercial Coaching & Training.
In my view, Cenvat Credit not available in the instant case.
In my view, Cenvat Credit not available in the instant case.
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