Appellate Tribunal grants service tax credit for bank charges, deeming them input service.

The Appellate Tribunal CESTAT, Ahmedabad unconditionally allowed the stay petition, granting the appellant credit of service tax amounting to Rs. 1,80,815, as bank charges were deemed to fall within the definition of input service.

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The Appellate Tribunal CESTAT, Ahmedabad allowed the stay petition unconditionally as the appellant's contention that bank charges are covered under the definition of input service was found to have prima facie force. Benefit of credit of service tax of Rs. 1,80,815/- was denied initially but later allowed.

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