https://www.taxtmi.com/forum/issue?id=107461 Service tax on bank charges related to a term loan qualifies as an input service for CENVAT credit only if loan proceeds are used for taxable business activity such as establishing manufacturing, procuring raw materials or capital goods, or for providing output services; otherwise credit is not allowable. Deletion of the phrase "setting up" from the input service definition increases the risk of denial of such credit by authorities. en-us Sat, 11 Oct 2014 10:32:52 +0530 Thu, 23 Jan 2025 15:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107461 Service tax on bank charges related to a term loan qualifies as an input service for CENVAT credit only if loan proceeds are used for taxable business activity such as establishing manufacturing, procuring raw materials or capital goods, or for providing output services; otherwise credit is not allowable. Deletion of the phrase "setting up" from the input service definition increases the risk of denial of such credit by authorities. Discussion-Forum Service Tax Sat, 11 Oct 2014 10:32:52 +0530 https://www.taxtmi.com/forum/issue?id=107461