26 November 2011
YES IT IS ALLOWED UNDER SERVICE TAX. THE SERVICE TAX RETURN WILL HAVE TO BE REVISED IN THIS CASE AND THE DIFFERENCE IF ANY IN CHALLAN AMOUNT WILL HAVE TO BE PAID TO THE DEPARTMENT WITH INTEREST OR IN CASE THE SERVICE TAX AMOUNT GETS REDUCED THEN THE AMOUNT WILL BE AVAILABLE AS CREDIT IN THE NEXT PERIOD.
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