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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 do? Which option is best for us: First prepare a statement in which service tax portion separated from bank charges and submit it to the bank for its confirmation or Second only bank statement is sufficient to take ST claim .Further, can we take ser .....

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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 your substantive right) in the absence of break-up.The department accepts the certification from C.A. or Cost Accountant. - Reply By Ganeshan Kalyani - The Reply = On special request some Banks do provide us the statement with bifurcation of bank cha .....

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