SERVICE TAX CREDIT ON BANK COMMISSION

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....ERVICE TAX CREDIT ON BANK COMMISSION<br> Query (Issue) Started By: - HEMANT KAPADIA Dated:- 31-7-2018 Last Reply Date:- 31-7-2018 Service Tax<br>Got 3 Replies<br>Service Tax<br>Can we take service tax....

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.... credit on bank commission charged by bank for collection of sale proceeds of export goods. This is in view of defination of input services where bank commission is not specifically mentioned nor serv....

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....ices used in business activity is mentioned. Reply By SHIVKUMAR SHARMA: The Reply: Yes,You can take ITC on GST paid for Bank commission Charges. Reply By Ganeshan Kalyani: The Reply: Bank charges....

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.... is an expense in normal course of business. As it is in course or furtherance of business the input tax credit of the tax paid on bank charges is eligible. Thanks. Reply By DR.MARIAPPAN GOVINDARAJAN....

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....: The Reply: You can avail input tax credit.<br> Discussion Forum - Knowledge Sharing ....