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Input credit on listing fees paid

Sharath Jain (CA Practice ) (59 Points)

18 July 2013

Hi All,

Can you please advice on the below issue.

One of my client has paid service tax on listing fees to BSE.So whether the input credit can be availed or not for the same.

If yes please provide the some refernce..

Regards

Sharath

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2 Replies

(Guest)

as per my opinion , the input credit can be availed only in case of input services taken for providing output services/ goods so the input credit in your case depends upon the nature of business of the company,

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 20 July 2013

It is better not to take credit in such cases. It might be a source of litigation in future. Department does not like such credits to be avaied and utilised. If you can really justify that input service is used for proviidng taxable output services then you may take. It is advisable not to be aggressive though indirect nexus between input and output service is also eligible for credit.

Thanks,