TaxTMI 
TaxTMI 
Service tax credit on Bank Charges
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....ervice tax credit on Bank Charges<br> Query (Issue) Started By: - Swapneswar muduli Dated:- 18-12-2015 Last Reply Date:- 18-12-2015 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Sir, When we pa....
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....yment made for import by bank. Bank charge to us commission for this bank issue a Debit Advice for import advance remittance and charge Service tax in this advice, Second this this advice is in the Na....
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....me of H.O but import payment made for Plant and material also received in plant and accounting made in plant. So is this eligible for input Service credit in plant or not ? Regards Swapneswar Reply....
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.... By Rajagopalan Ranganathan: The Reply: Sir, Since the service tax is paid by your HO credit of the service tax paid can be distributed by your HO under rule 7 of Cenvat Credit Rules, 2004 provided ....
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....your HO is registered as input service distributor. Reply By YAGAY AND SUN: The Reply: Dear Swapneswar, Such services have been incorporated in the definition of Input Services in the CENVAT credit....
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.... Ruels,2004 as amended from time to time. As suggested by Rajagopalan Ranganathan sir you may distribute it as per the Rule 7 ibid. Regards, YAGAY and SUN (Management, Business and Indirect Tax Con....
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....sultants) Reply By Ganeshan Kalyani: The Reply: I agree with both the experts.<br> Discussion Forum - Knowledge Sharing ....