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Service Tax Credit on Loan Processing Charges

Service Tax - Started By: - akhilesh shrivastava - Dated:- 20-2-2016 Last Replied Date:- 24-2-2016 - Dear Sir/Madam,My query is as under :How to claim ? Whereas bank is not giving any service tax bifurcation in it's statement. Than what should we .....

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vice tax credit on bank charges related to the fy 2013 in the current period. What is the rule in this regard. Pl advise.With Thanks, - Reply By KASTURI SETHI - The Reply = Sh.Akhilesh Shrivastava, As per Rule 4(7) of Cenvat Credit Rules, 2004 as ame .....

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er. The statement indicating break-up of Service Charges and Service Tax should be certified by the Bank. In case Bank refuses to certify, then get it certified from either C.A. or Cost Accountant. There is no logic to forego Cenvat Credit (which is .....

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rges and applicable service tax on the same. You may try for that. But as said by Sri Kasturi Sir the time limit as prescribed for taking cenvat credit is elapsed the said credit becomes ineligible. But in future for such transactions you may impleme .....

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ondonation. - Reply By akhilesh shrivastava - The Reply = Thank you Kasturi ji, Your advise is fruitful but as you have written in your statement that One year from the date of issue of invoice means one year from the date of bank statement or one ye .....

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