Service tax on Advance payment refund
This query is : Resolved
19 December 2008
if i recd advance payment for the service for the whole year. i paid s tax to dept at the time when i recd the money. after some times the customer get disconnected and asked for refund. My question is that how much portion we have to refund . for the full amount or after deducting the tax amount, which i paid to dept.
19 December 2008
full amount and the tax paid to deptt. shall reversed i.e. take as cerdit and if any question raised than we say the service shall not performed and the payment was refunded.
14 February 2009
If advance is received but service is not fully or partly provided, the service tax paid on amount refunded can be adjusted in future payments
Refer Para 8.6-1 in Page 125 of 11th edition of Taxmann's Service Tax Ready Rekoner authored by Sri V S Datey
Refer Para 8.6-1 in Page 125 of 11th edition of Taxmann's Service Tax Ready Rekoner authored by Sri V S Datey
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