Service tax on loan processing charges

Request all to please provide the following information

 

Whether the service tax deducted by the banker on loan processing charges is eligible for claiming input on service tax or not  for hotel industry.

 

Please provide the reply as early as possible

 

thanking you

 

 

Replies (2)

Yes , it's credit can be availed & utilized for payment of Excise or s.tax.yes

 

Looking to the international treatment,,Yes it can be used to pay excise and ST

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