Input service credit.- Reg., Service Tax

[vinay wakde]

We have received Invoice from Bank with charging Service Tax on Monitoring Fees (for restructuring term Loan) and Processing Fees. Kindly let us know whether we are eligible for taking Input service credit on these bills?

Regards,

VINAY

 

Posts / Replies

[Pradeep Khatri]

You can avail  the CENVAT credit on such services, as these services have been very much incorporated in the definition of Input Service under Rule 2 (I) of the CENVAT credit Rules, 2004 as amended time to time.