Service tax refund & credit

This query is : Open

Punit Agrawal (Querist)
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01 July 2014 Dear All,

We have paid extra service tax of Rs. 150000/- in a unit on service charges in Fy 2007-08, but actual liability was lower.
Now in our return it shows as cenvat credit available.
But now we want to use this credit against another unit of Real estate business.
Now question arises:
1. Can we use this credit as above?
2. Or Can we file an application of refund for this service tax?

Kindly advise.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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01 July 2014 You can utilised that credit of duty payment in future or you can apply for refund.

Punit Agrawal

Punit Agrawal (Querist)
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01 July 2014 Means-
Utilization of credit in near future means?
We can adjust the credit now as above or not.

and what is the time limit for refund.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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01 July 2014 You can utilise from balance cenvat credit in regards to duty payment.

Punit Agrawal

Punit Agrawal (Querist)
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01 July 2014 Actually our auditor is denying, so can you tell us the provision or any other thing , so we can convince him.

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