In F.Y. 2011-12 a loan was sanctioned and processing fee inclusive of service tax has been collected. During this F.Y the customers has withdrawn the loan application and a part of the processing fee is to be refunded to the customer. Can the service tax on that amount (refund) be refunded to the customer? If so under what provision it can be done.
Menu
Service tax refund to customers
Replies (1)
If you have deposited the tax amount, you need to refund the same to the customer and claim the said amount as an adjustment with your tax liability in the following month and also have to present the same in the ST3.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
