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.
K V Subba Rao
(Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
