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

This query is : Open

Querist : Anonymous

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???????????

ANIL JANGID

ANIL JANGID (Expert)
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21 November 2009 refund amt.20000

Querist : Anonymous

Querist : Anonymous (Querist)

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

ANIL JANGID

ANIL JANGID (Expert)
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21 November 2009 is Output Service Exported=20,000 inclusive in Total turnover of output service=30,000

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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21 November 2009 input credit available Rs.6000

Querist : Anonymous

Querist : Anonymous (Querist)

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

Querist : Anonymous

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???????

Querist : Anonymous

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???????

CA Ravi Sisodia

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

ANIL JANGID

ANIL JANGID (Expert)
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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

Querist : Anonymous

Querist : Anonymous (Querist)

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

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2009 Ravi ji ye bhi logical nahin hai

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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24 November 2009 my dear friend please give the S.T. Rate and clear question.

Querist : Anonymous

Querist : Anonymous (Querist)

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