Input credit


This query is : Resolved 

13 June 2010 Are input service tax credit available to companies on Audit fees and other professional fees paid??
If it is available, is there any specific condition to be fulfilled.
Pls help

13 June 2010 credit is available. The same would have been considered in calculation during payment of service tax after netting the same

no specific condition but claim the same as part of the ST-3 return being filed under cenvat credit



13 June 2010 Thank you sir

15 June 2010 Only problem is that the client does not render any professional service..
Usaally service tax credit is adjusted with similar kind of service. But since service tax on professional sevices is directly related with the business so credit must be available


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