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Q. > Please Help: SERVICE TAX
Can I claim Input credit on ST on Bank processing fees from Customer & vendor
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Comments
Kapil Singhal
26-May-2014 , 02:33:01 pmYou may refer the case of M/s. Inductotherm (India) Pvt Ltd V/S DEPUTY COMMISSIONER OF CENTRAL EXCISE in which Service tax input on Bank Processing fees and Bank commission was disallowed. However you may refer to the The provisions of Rule 2(l) of Central Credit Rules, 2004 is as under : "input service" means any service,- (i) used by a provider of taxable service for providing an output service; or (ii) used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products upto the place of removal, and includes services used in relation to setting up, modernization, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, activities relating to business, such as accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, and security, inward transportation of inputs or capital goods and outward transportation upto the place of removal;
Bhavya
28-May-2014 , 09:54:29 amThank you. any case laws where such service tax is allowed in bank processing fees . Please let me know
Bhavya
28-May-2014 , 09:54:30 amThank you. any case laws where such service tax is allowed in bank processing fees . Please let me know