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Input credit on the Service tax paid on the Brokerage

This query is : Resolved 
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(Querist)
09 May 2011 Whether a company can take the input credit on the Brokerage paid for the transaction in securities.
The company is having business of the trading in shares & debt securities.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
10 May 2011 Yes as it is an input services used for provding the taxable services.
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