amt of refund we can claimed in cash?????


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2009 how much amt of refund we can take in cash in the following situation:

Total credit of S.Tax on input services=6000


Total turnover of output service=30,000


Output Service Exported=20,000



plz reply???????????

21 November 2009 refund amt.20000

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Querist : Anonymous

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21 November 2009 Anil ji ye kya keh rahe ho, TOTAL service tax credit amt is 6000,then hw can it is possible???????

21 November 2009 is Output Service Exported=20,000 inclusive in Total turnover of output service=30,000


21 November 2009 input credit available Rs.6000

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Querist : Anonymous

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21 November 2009 yes anil ji u r right,30000 is inclusive of Rs. 20000

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Querist : Anonymous

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21 November 2009 Ravi ji ye kya keh rahe ho, TOTAL service tax credit amt is 6000,then hw can it is possible???????

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2009 Ravi ji ye kya keh rahe ho, TOTAL service tax credit amt is 6000,then hw can it is possible???????

21 November 2009 Total S.T. Payable - Rs.6000(input credit) = excess amount(refund in cash)

21 November 2009 Total:Output Service: 30000
Less:Output Export service Exempted S.Tex 20000

Balance Output Service 10000

Service Tax 10.30%on 10000 1030

Input Credit Balance 6000
Debit S.tex. 1030
Less Balance S.tex Refundable. 4970

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Querist : Anonymous

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24 November 2009 but 20000 par service tax kewal 2060 banta hai,isliye we cannot get Refund in cash more than 2060................

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Querist : Anonymous

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24 November 2009 Ravi ji ye bhi logical nahin hai

24 November 2009 my dear friend please give the S.T. Rate and clear question.

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Querist : Anonymous

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25 November 2009 sir ye que. CA Final main 3 marks ka aaya hai..........


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