amt of service tax refund in cash???
This query is : Open
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???????????
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.
21 November 2009
Bhai sahab amt Batao..............
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
24 November 2009
nw i think u r right anil ji
24 November 2009
but 20000 par service tax kewal 2060 banta hai,isliye we cannot get Refund in cash more than 2060................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- Fixe term employment
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
