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Service tax credit on Bank Charges

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..... Dear Sir, When we payment made for import by bank. Bank charge to us commission for this bank issue a Debit Advice for import advance remittance and charge Service tax in this advice, Second this thi .....

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..... s advice is in the Name of H.O but import payment made for Plant and material also received in plant and accounting made in plant. So is this eligible for input Service credit in plant or not ? Regar .....

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..... ds Swapneswar - Reply By Rajagopalan Ranganathan - The Reply = Sir, Since the service tax is paid by your HO credit of the service tax paid can be distributed by your HO under rule 7 of Cenva .....

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..... t Credit Rules, 2004 provided your HO is registered as input service distributor. - Reply By YAGAY AND SUN - The Reply = Dear Swapneswar, Such services have been incorporated in the definition .....

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..... of Input Services in the CENVAT credit Ruels,2004 as amended from time to time. As suggested by Rajagopalan Ranganathan sir you may distribute it as per the Rule 7 ibid. Regards, YAGA .....

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..... Y and SUN (Management, Business and Indirect Tax Consultants) - Reply By Ganeshan Kalyani - The Reply = I agree with both the experts. - Service tax credit on Bank Charges - Query Started .....

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..... By: - Swapneswar muduli Dated:- 18-12-2015 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana .....

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..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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