R & d cess

308 views 1 replies
Good evening All, I have a query for R & d cess. We pays royalty to our parent company (Japan), on which we paid 7 % service tax & cess on 12% to service tax dept 5 % R & D cess pays to RBI. but from 2012 to 2015 three time we were late to deposit R & D cess before the payment of royalty. As per Notification no 14/2012 service tax , it has been provided that the exemption shall be available only if the R & D cess is paid at the time or before the payment of service. now service tax officer is demanding the 5% R & D cess with interest which were already being deposited to RBI after payment of royalty. My query is that we have already paid R & D cess to RBI , only interest should be payable now to service tax department . But being a different department, service tax department is demanding late deposited R & D cess with interest, they says you can refund that money from RBI. Should we pay Late R & D cess to service tax department with interest again?? Can we take credit of this tax paid as we have already taken credit of 7 % ?? If we donโ€™t avail the exemption of 14/2012, and pays all 12 % tax to service tax department in future, will there be any obligation from RBI ?? What will be refund process from RBI Thanks & regards Manoj
Replies (1)

I think nobody is here to give reply of this question frownblushwinkdevil

is this due to lack of knowledge of admin, members or mod...they only give reply to CA professional

 

Regards,

Dipak


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register