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Service tax on cancelled flats

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2013 Hi all,

Please resolve this issue, it is very urgent.
I booked service tax payable at the time of flat booking & deposited it to the department on the right time.
Now for some reason the particular flat's booking is cancelled but we have not refunded all the amount to the party, we will make payment in future & it is confirmed by the party also.
Now, my question is, may take the service tax credit on whole amount.

Please suggest.
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CA Suresh Jain

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CA Suresh Jain (Expert)
22 September 2013 if amount of refund is determined and has become payable, you can take credit of service tax to that extent.

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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