Rebate v/s Refund
This query is : Open
26 May 2009
What is the difference between Rebate and refund? Please cover procedural aspect as well.
27 May 2009
Refund - Under Rule 5 of Cenvat Credit Rules - accumulated credit to be refunded.
Rebate u/n 11 or 12 - Rule 5 of Export of Services Rules - Input services used in export refunded. Alternative tax paid on export of services ( by utilising credit) rebated.
For procedures pl see a good commnetary. Both processes are inodinately long and full of ted tapism at present.
Rebate u/n 11 or 12 - Rule 5 of Export of Services Rules - Input services used in export refunded. Alternative tax paid on export of services ( by utilising credit) rebated.
For procedures pl see a good commnetary. Both processes are inodinately long and full of ted tapism at present.
27 May 2009
If in both the cases the amount is refunded by the department (though under different rules and reasons), why the word "rebate" used?
04 July 2011
Waiting for reply..
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