hello! My client providing taxable service.
F.Y. VALUE OF SERVICE
2007-08 4,00,000
2008-09 5,00,000.
2009-10 11,00,000
Since in the F.Y.2009-10 his total taxable service goes beyond 10,00,000 we have registered and took service tax no. in f.y.2009-10 itself and accordingly paid the service tax to Gvt.(Excess S.T. Paid).
However in the F.Y.2010-11 there is no chance that his total taxable service value go beyond 10,00,000 limit ,
CAN I ASK FOR REFUND OF S.T.PAID IN EXCESS FROM GOVT.?
SHOULD I CANCEL MY SERVICE TAX REGISTRATION NUMBER.?
Pl. advice me