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 During this F.Y the customers has withdrawn the loan application and a part of the processing fee is to be refunded to the customer.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 Threads
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
Related Threads
CAclubindia
