Dear sir,
My client is Govt. Contractors for Construction (R & B). He has to give Bank Guarantee to Govt. Now will he avail Input Service Tax on Services of Bank charges paid to bank for Bank Gurantee.
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Input Service Tax on Bank Charges
Replies (1)
Ofcourse , he can take the credit for the service tax paid on the Bank Charges incurred in respect of providing bank guarantee to the Govt. Bank guarantee should be provided in respect of the project on which no abatement is taken and should have a direct nexus with the Output Services namely Construction Services.
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