amt of service tax refund in cash???

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Lalit aggarwal (Querist)
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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 of service tax is conditional,refund can be claimed only in case assesee not in position to utlised the balance amount of service tax further.
Output Service Exported fully exempted from service tax.no need to pay service tax on it.In case service tax paid on Output Service Exported ,refund can be claimed.

Lalit aggarwal

Lalit aggarwal (Querist)
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21 November 2009 Bhai sahab amt Batao..............

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

Lalit aggarwal

Lalit aggarwal (Querist)
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24 November 2009 nw i think u r right anil ji

Lalit aggarwal

Lalit aggarwal (Querist)
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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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