Hi Sir,
IN CASE OF BANKS THEY PAY THE DICGC INSURANCE TO DICGC IN THE INTEREST OF RBI WHETHER THEY CAN BE ABLE TO SET OFF THE SERVICE TAX PAID AMOUNT TO DICGC AS IN PUT CREDIT.
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Service tax for dicgc
Replies (3)
There is no specific condition for not availing Cenvat credit of the aforesaid service. Thus, the same should be available.
However, please refer to Rule 6(4B) of the Cenvat Credit Rules, 2004 (CCR), specifically inserted for Banks.
Read rule 6(3B)
Thanks Abhishek for correcting me...
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