Rebate v/s Refund
This query is : Resolved
Ajay Gumbar
(Querist)
26 May 2009
What is the difference between Rebate and refund? Please cover procedural aspect as well.
Madhukar N Hiregange
(Expert)
27 May 2009
Refund - Under Rule 5 of Cenvat Credit Rules - accumulated credit to be refunded.
Rebate u/n 11 or 12 - Rule 5 of Export of Services Rules - Input services used in export refunded. Alternative tax paid on export of services ( by utilising credit) rebated.
For procedures pl see a good commnetary. Both processes are inodinately long and full of ted tapism at present.
Rebate u/n 11 or 12 - Rule 5 of Export of Services Rules - Input services used in export refunded. Alternative tax paid on export of services ( by utilising credit) rebated.
For procedures pl see a good commnetary. Both processes are inodinately long and full of ted tapism at present.
Ajay Gumbar
(Querist)
27 May 2009
If in both the cases the amount is refunded by the department (though under different rules and reasons), why the word "rebate" used?
Ajay Gumbar
(Querist)
04 July 2011
Waiting for reply..
20 July 2025
Refund = You get back money because you paid too much or have accumulated credit.
Rebate = You pay less tax from the start as a concession.
Rebate = You pay less tax from the start as a concession.
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