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
- EPF ECR NEW FILE SEP 17TH 2026
- Oct 2025 Invoices
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- Import of Software Service.
- TAX AUDIT ON PROFESSIONAL INCOME
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
