Can a service provider (Corporate) utilize the input service tax on above said and any other bank cahrges paid to his banker as CENVAT Credit for payment of service tax? If you have any reference, circular or case judgement or ruling, supporting your advise / view, please provide me.
23 January 2014
Dear Srinivas, as per Rule 2(l)of Cenvat Credit rules,Input service means any service, - (i) used by a provider of output service for providing an output service The input services which are used in business are eligible as per the defination itslef. You are eligible to avail the credit
CAclubindia
