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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 IF WE ARE TAKING CANCELLED ANY FLAT ON WHICH SERVICE TAX HAS ALREADY PAID THEN HOW MUCH AMOUNT TO BE RETURN BACK TO CLIENT..
exp:
AMOUNT RECEIVED 300000
SERVICE TAX 8992
AMOUNT TOWARDS THE COST OF FLAT 291008

THEN AT THE TIME OF CANCELLATION OF FLAT HOW MUCH WE HAVE TO RETURN TO CLIENT

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 July 2013 in case of refund u should exactly pay back what u recieve including service tax else u will be liable to pay service tax to dept.

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 BUT WE HAVE ALREADY DEPOSIT SERVICE TAX TO DEPARTMENT AT THE TIME OF RECEIPT OF Rs 300000

WHAT IS LEGAL PROVISION FOR AMOUNT DEPOSITED AS SERVICE TAX?
HOW CAN MANAGE IN OUR ACCOUNTING ASPECT??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 July 2013 in case if u have already paid to sept. then u need to first pay back the service tax refund to the prty and then use this as a prof that u have refund back and can djust this service tax already paid for future ser tax payable..
in short u can adjust this ser tax already paid for future ser tax payable for same aount else u need to ask for refund from ser tax authorities.

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 IN WHICH SECTION OR RULE CAN ADJUST OUR SERVICE TAX AGAINST FUTURE LIABILITY???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 July 2013 under service tax rules,1994.

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 under which rule of service tax rules,1994???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 July 2013 Refer page 6.16-6.19 of following link u will get all ur doubts clear.

http://220.227.161.86/21774vol2sm_finalnew_idtl_sbtvt_cp6.pdf