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INPUT CREDI IS GREATER THAN OUTPUT SERVICE

This query is : Resolved 

21 February 2008 A PERSON GIVES CABLE OPERATOR SERVICES TO IT MEMBERE ITS TOTAL OUTPUT SERVICE IS.
RS.75000/INCLUDING OF SERVICE TAX
AND INPUT CREDIT IS GREATER THAN OUTPUT SERVICE .THEY ARE PAYING MORE THAN 800000/-TO VARIOUS AGENCIES.SO INPUT CREDIT IS IN EXCESS OF OUTPUT SERVICE
WHETHER HE IS LIABLE TO SERVICE TAX
WHETHER INTIMATION GIVEN TO DEPARMENT IS
MANDATERY.
WHETHER CENVAT CREDIT IS CARRYFORWORD TO THE NEXT YEAR
WHETHER WE ARE APPLY FOR CANCELATION BECAUSE OUR SERVICE IS BELOW EIGHT LAKHS

21 February 2008 yes, if your gross receipt is less then Rs. 8 Lac you can apply for cancelation of regestration.

You can also carry forward your input credit for next year. if u think that your next year receipt will be increased.


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