Cevat credit on bank charges
This query is : Resolved
anil devidas kamlaskar
(Querist)
02 October 2012
Dear Sir,
We are pvt ltd manufacturing company, Our bank is charge us various charges ( Lc opening charges, commitment & usence charges, loan processing fees, rtgs charges etc)with service tax. my question is can we avail cenvat credit on this bank charges
We are pvt ltd manufacturing company, Our bank is charge us various charges ( Lc opening charges, commitment & usence charges, loan processing fees, rtgs charges etc)with service tax. my question is can we avail cenvat credit on this bank charges
CA Suresh Jain
(Expert)
02 October 2012
Yes, you can claim CENVAT on all type of bank charges
08 October 2012
Yes you can take credit but make sure that if you are capitalising these expenses then credit available at the rate of 50%+50%
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
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
