credit of service tax on Bank Charges
This query is : Resolved
30 June 2010
Hello
Any 1 plz tell me, whether service tax paid on bank charges for preparation of solvency certificate can be availed as credit or not?
Please reply soon!
It's Urgent!
Any 1 plz tell me, whether service tax paid on bank charges for preparation of solvency certificate can be availed as credit or not?
Please reply soon!
It's Urgent!
30 June 2010
Service tax input from bank can be set off against Service tax output
30 June 2010
The service tax paid can be utilised for excise duty as well. It is an input service, being an activity relating to business.
Service tax on Banking and financial services is eligible for 100% credit irrespective of its part usage for nonn taxable service/exempt product.
Service tax on Banking and financial services is eligible for 100% credit irrespective of its part usage for nonn taxable service/exempt product.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
