Service tax input credit on processing fee of bank loan
This query is : Resolved
Sanjay Batra
(Querist)
02 April 2014
We are an manufacturing co. we had taken Business loan from Bank, Bank has charged Processing fee from us and service tax thereon..
Can we avail input vat of the same or not??
Can we avail input vat of the same or not??
Rupesh Jain
(Expert)
02 April 2014
you can take credit of service tax on processing fee
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