Input service credit.- Reg., Service Tax

[vinay wakde]

We are Exporting our process generated waste and discounting the export bills in the Bank under EBR (Export Bills Abroad scheme). We have received Advices from bank wherein service tax to the extent of 12.36% is  recovered from us.

Kindly let us know whether we are entitled to take Input service credit on the strenght of copy of Bank advice?

Regards,

VINAY

 

 

Posts / Replies

[Pradeep Khatri]

Yes, you can avail the CENVAT credit on the basis of 'Original bank advice'  as banks are exempted to issue invoices under Service Tax Laws.

 

If you can't avail the CENVAT credit, even then, you may get the exemption or refund as the case may be.