If a Construction Company sale a unit under construction & charge service tax & adjusted from the Cenvat Credit Available & file ST Return accordingly.
Now, Construction Company cancel the unit & refund back the ST Amount, thus company can adjust such ST amount from future ST libility.
My question is that if company not plan to sell any unit until construction is completed or not any future liability of ST, can we take such Service Tax (Refund ST) as Cenvat Credit or apply for refund.
Please suggest.
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Service tax
Replies (1)
But in Construction industryI believe ST to be paid on receipt of amount from clients subject to applicability of abatement.
However if any refund claim to be made all the adjustmnet to be done within that FY in fact the Dept stresses that it has to be doce within the Qtr/Halfy by making a revised return
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