Service Tax on Bank charges
This query is : Resolved
30 April 2011
Dear sir,
Please Advise
Bank Charges including Service tax, Whether we can take the Modvat Service Tax rebate on that or not?
Regards,
Mal
Please Advise
Bank Charges including Service tax, Whether we can take the Modvat Service Tax rebate on that or not?
Regards,
Mal
01 May 2011
Yes. It can be taken
If Service tax mentioned in the advice, you can take directly
If mentioned in inclusive of service tax, you can calculate the service tax on back calculation method and get certified by your banker
If Service tax mentioned in the advice, you can take directly
If mentioned in inclusive of service tax, you can calculate the service tax on back calculation method and get certified by your banker
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