Cenvat credit of Service Tax against Bank Commission

[Samik Chaudhuri]

Can we(manufacturing unit) avail Cenvat credit of Service Tax against Bank Commission for buying the material from out side India.

AI Summary

Manufacturing Unit Can Claim Cenvat Credit for Service Tax on Bank Commissions for International Purchases A manufacturing unit inquired whether it can avail Cenvat credit of Service Tax for bank commission paid on purchasing materials from outside India. Three responses confirmed that Cenvat credit can indeed be claimed for the service tax paid on such bank commissions. The replies indicated that if the commission is paid within India, the credit is applicable, supporting the unit's ability to claim the credit for these transactions.