https://www.taxtmi.com/forum/issue?id=109910 Under Rule 4(7) of Cenvat Credit Rules, credit must be availed within one year from the date of issue of invoice, calculated from the date of the bank statement; service tax on loan processing charges paid outside this one year period is ineligible and delay cannot be condoned. To claim credit, obtain a statement separating bank charges and service tax certified by the bank or, if the bank refuses, certified by a Chartered Accountant or Cost Accountant. en-us Sat, 20 Feb 2016 11:34:46 +0530 Thu, 23 Jan 2025 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109910 Under Rule 4(7) of Cenvat Credit Rules, credit must be availed within one year from the date of issue of invoice, calculated from the date of the bank statement; service tax on loan processing charges paid outside this one year period is ineligible and delay cannot be condoned. To claim credit, obtain a statement separating bank charges and service tax certified by the bank or, if the bank refuses, certified by a Chartered Accountant or Cost Accountant. Discussion-Forum Service Tax Sat, 20 Feb 2016 11:34:46 +0530 https://www.taxtmi.com/forum/issue?id=109910