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Input credit for service tax

Queries 539 views 4 replies

Dear All ,

While filing the ST return for OCT-MAR 14 , we had an excess input of Rs.10lacs , but now the company has given NIL services for the period APRIL to SEP 14 and the company is also planning to cancel his SERVICE TAX registration , 

so please let me know in this what will happen to the unutilised INPUT CREDIT of Rs.10 lacs , is there any way to write off the same ??? or it can be transferred to its parent holding company ??

 

Regards

Replies (4)
You can apply for refund online and submit the online ack printout to the service tax commissioner.
But you need to keep open the registration untill receipt of the refund cheque/online credit.
But you need to keep open the registration untill receipt of the refund cheque/online credit.
But you need to keep open the registration untill receipt of the refund cheque/online credit. You are required to file nil returns till refund receipt.


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