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Input credit for service tax

Queries 408 views 4 replies

Kiran

M.Com

112 Points Joined February 2014

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)

Eswar Reddy S

CFO- at NHTF

58275 Points Joined August 2012

You can apply for refund online and submit the online ack printout to the service tax commissioner.

Eswar Reddy S

CFO- at NHTF

58275 Points Joined August 2012

But you need to keep open the registration untill receipt of the refund cheque/online credit.

Eswar Reddy S

CFO- at NHTF

58275 Points Joined August 2012

But you need to keep open the registration untill receipt of the refund cheque/online credit.

Eswar Reddy S

CFO- at NHTF

58275 Points Joined August 2012

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.