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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2010 sir whts the diff between refund n rebate of duty or tax especially they have used the word refund in case of input services or duty paid goods n rebate in case of output tax r these words r same or is der any difference.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 September 2010 Refund is the repayment of tax by the department which is already padi by assessee

Rebate is the reduction or relief to assessee for paying the duty

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