SERVICE TAX CREDIT ON BANK COMMISSION

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

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..... x 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 ser .....

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..... vices 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 charge .....

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..... s 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 GOVINDARAJA .....

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..... N: The Reply: You can avail input tax credit.
Discussion Forum - Knowledge Sharing .....

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