Credit of Service Tax charged on Bank Charges

Queries 879 views 1 replies

Hi to all,

A Bank charges Service Tax on various charges charged by them (Eg. : Cheque Bouncing Charges,Charges relating to Inward Remmitances and others)...In monthly Bank Statement, Charges are shown inclusive of Service tax.......

My query is would Service Tax credit be available on the basis of Bank Statements since they are not shown separately in it......If it wont be available in such scenario, then what in your opinion should Company ask Bank to do to let Company avail the credit benefit ???


Thanks in advance

Replies (1)

sir,

credit of service tax is available for all services used in providing output services or in manufecturing exciseable comodity..it is better to instruct your bank to provide details of service tax charged on services...it is duty bound to do so


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