amt of service tax refund in cash???
This query is : Open
Lalit aggarwal
(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???????????
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
(Expert)
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.
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
(Querist)
21 November 2009
Bhai sahab amt Batao..............
ANIL JANGID
(Expert)
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
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
(Querist)
24 November 2009
nw i think u r right anil ji
Lalit aggarwal
(Querist)
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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