Credit of service tax
This query is : Resolved
20 November 2009
Sir My client pays service tax for brokerge bill for F& O of commodity (alluminuium), and he also pays service tax for currency option just to hedge his open position in the forex ( Machinery loan installment ). My client is the manufacturer of alluminium sheets. Can he utilise service tax credit on brokerage against excise lliability.
M Prabhakar Menon
(Expert)
20 November 2009
Yes u can
CA Ravi Sisodia
(Expert)
20 November 2009
yes
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