Service Tax paid on Banking Services
This query is : Resolved
04 May 2011
While making outward remittance bank is charging Service Tax under the category of Service - Banking & Financial Services.
My question is, can we utilise the same as input credit for Service Tax paid to bank.
Please help me in this matter.
My question is, can we utilise the same as input credit for Service Tax paid to bank.
Please help me in this matter.
04 May 2011
Yes eligible under the earlier and present provisions of cenvat credit.
04 May 2011
yes u can utilise the same as input credit for Service Tax paid to bank.
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