Provider does not get money back from service receiver

A company rendered service and issued invoice and thereafter deposited service tax to credit of Government.

Now there are indications that service recipient will not pay any amount to the provider due to some reasons.

How can the service tax already deposited claimed by the provider. Is it compulsory to claim refund. Can't it be adjusted against future tax liabilities.

Regards,

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Provider does not get money back from service receiver

Dipjyoti Majumdar

Prasad

Dipjyoti Majumdar

Dipjyoti Majumdar

Nirav Worah

As per Rule 6(3) of service tax rules, adjustment can be made only if the invoice is renegotiated due to deficient provison of service and a credit note for the same has been issued. However, such adjustment are not possible in case of bad debts.

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Provider does not get money back from service receiver

As per Rule 6(3) of service tax rules, adjustment can be made only if the invoice is renegotiated due to deficient provison of service and a credit note for the same has been issued. However, such adjustment are not possible in case of bad debts.

Leave a Reply

Recent Threads

Related Threads