TaxTMI 
TaxTMI 
Can we avail the cenvat credit of service tax paid on director sitting fees? Pls discuss the relevant provision.
Cenvat Credit of Service Tax paid on Director sitting Fees
25 Sep 2015 
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Cenvat credit for director sitting fees allowed when fees relate to specified input services and have requisite contractual nexus.
Cenvat credit for service tax on director sitting fees under reverse charge is available only if the fees remunerate services that satisfy the amended input service definition-i.e., are used to provide an output service or in relation to manufacture and fall within the included categories such as sales promotion; eligibility depends on the agreement and factual nexus between the director's services and those specified input-service activities. (AI Summary)
Cenvat credit for service tax on director sitting fees under reverse charge is available only if the fees remunerate services that satisfy the amended input service definition-i.e., are used to provide an output service or in relation to manufacture and fall within the included categories such as sales promotion; eligibility depends on the agreement and factual nexus between the director's services and those specified input-service activities. (AI Summary)