Service Tax query

622 views 1 replies

Hi everyone,

Can anyone give me a proper solution on the same.

As Our company is paying Commercial rent on various properties hired & taking input credit of service tax on the same from last 2 years. Now, as per ruling of Delhi High court, the same is ultra virus to the Law.

So, now i need to know:

1. How can i take my money back, as service tax paid?

2. Will i have to reverse my service tax input credit of the same?

3. will i have to revised my returns for last 2 years?

Plz reply urgently, if u can..................:)

Replies (1)

u need to expense it out..

u can pass the following entry:

 

Service tax expense dr.

         Service tax Input cr.

 

and i dont think that u need to reverse for the last 2 year.

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