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TMI BlogService Tax - Cenvat credit on service tax paid on financial & technical audit feeX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, We have availed cenevat crdit of Service tax charged in bills of financial audits as well as technical audit fee but during the audit, the concerned authority has raised objection on the ground that the cenevat will be available on financial audits. Kindly advise your views quoting the relevant rules. - Reply By KASTURI SETHI - The Reply = Dear Querist, How can you prove that it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was your input service ? How it was utilized in providing output service ? Pl. reply - Reply By Ganeshan Kalyani - The Reply = The nexus of input service and output need to be established to be able to take the credit. Perhaps the credit denied may have been utilised toward exempt service. It is my wild guess. You need to check at your end. - Reply By MohanLal tiwari - The Reply = The su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bject audit fee and service tax paid thereon was towards stock audit of input / semi-finished / finished goods as well audit of books of accounts which is statuary requirement and needs to be furnished to various Govt agencies as required in company law and bankers. Since there is no production supply of exempted goods, question does not arise for using the services towards exempted goods. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Service Tax - Cenvat credit on service tax paid on financial & technical audit fee - Query Started By: - MohanLal tiwari Dated:- 5-12-2017 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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