input credit in case of Banking Services
This query is : Resolved
09 October 2010
Whether bank can avail input tax credit on its courier bill, telephone bill and other expenses on which it has paid the service tax.
In one of my bank client, department is taking a view that while the bank is taking the exemption benefit of the service tax on CC/OD or Term Loan interest it can not claim the input tax credit.
In one of my bank client, department is taking a view that while the bank is taking the exemption benefit of the service tax on CC/OD or Term Loan interest it can not claim the input tax credit.
10 October 2010
Input credit is available.
Restrictions in rule 6 (3) maybe examined and eligible amount calcuated and availed.
Restrictions in rule 6 (3) maybe examined and eligible amount calcuated and availed.
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
- TAN for Partnership
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- NON- SUBMISSION OF LLP FORM 3
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
