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Cenvat Credit of Service Tax paid on Director sitting Fees

Service Tax - Started By: - Kamal Jhanwar - Dated:- 25-9-2015 Last Replied Date:- 11-10-2015 - Can we avail the ? Pls discuss the relevant provision. - Reply By Rajagopalan Ranganathan - The Reply = Sir, In respect of sitting fees paid to Director service tax is payable by the company under Reverse Charge mechanism (RCM). Therefore it is an input service in connection with development of company's business and hence the same is eligible as credit under Cenvat Credit Rules, 2004. - Reply By K .....

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of the business. However after amendment as mentioned above, you will appreciate that Activities Related to business has been deleted from includes part of definition. Therefore, definition of Input Service becomes very specific with a limited scope. In view of the above, It is not possible for assesse to avail the cenvat credit of those services which are related to business and service tax paid on director sitting fees under Reverse Charge Mechanism also. - Reply By Rajagopalan Ranganathan - .....

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