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Credit of service tax on input service

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Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2012 We have import a machinery and the service tax is charged by the clearing agent against his services, can we take the credit of service tax against excise duty.
AND
Can we also take the credit of service tax on processing fees charge by bank against Cash credit limit and term loan.

CA Suresh Jain

CA Suresh Jain (Expert)
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02 September 2012 Yes, you can take CENVAT credit of both

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2012 can u please provide me a link or any provision from where can i read this.

CA Suresh Jain

CA Suresh Jain (Expert)
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08 September 2012 You are requested to refer to the provisions of CENVAT Credit Rules, 2004

For further clarification please mail the query at sureshjain.nj@gmail.com and pay if you please Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.
https://www.facebook.com/groups/kadamfoundation/
https://www.kadamfoundation.org/

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