Reversal of service tax paid if service is not provided
This query is : Resolved
Arjun Nanda
(Querist)
12 July 2016
We had paid service tax on accrual basis , but in actual service is not provided. Fact of the case is our company deposited service tax as per POT rules on issue of invoice, but service is not provided in actual and consequently no consideration is received. My query is how can I adjust Tax paid to department. Whether any reversal is allowed or not.
CA R SEETHARAMAN
(Expert)
12 July 2016
Adjust the tax paid in next payment file revised return if required.
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