INPUT CREDIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2010
MY COMPANY IS A EXPORT CUM MANUFACTURING CO.
WHEN WE ARE NEGOTIATING FOREIGN BILL BANK CHARGES SOME AMOUNT OF INTEREST AND NEGOTIATING CHARGES ALONG WITH SERVICE TAX.
MY QUESTION IS WHETHER INPUT CREDIT OF SERVICE TAX IS AVAILABLE OR NOT.
PLEASE GIVE ANY SECTIONAL REF AND/OR NOTIFICATION IN THIS REGARD.
WHEN WE ARE NEGOTIATING FOREIGN BILL BANK CHARGES SOME AMOUNT OF INTEREST AND NEGOTIATING CHARGES ALONG WITH SERVICE TAX.
MY QUESTION IS WHETHER INPUT CREDIT OF SERVICE TAX IS AVAILABLE OR NOT.
PLEASE GIVE ANY SECTIONAL REF AND/OR NOTIFICATION IN THIS REGARD.
Rajesh Kumar
(Expert)
02 June 2010
Yes, credit is available.
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