service tax credit

This query is : Resolved

RAM SAINI (Querist)
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25 June 2009 we are manufacturar exporter .we are using various services in regard of producing the product
we have a large amount of sercice tax credit in our books
can we get the refund of that credit laying in our books

pls provide us the whole procedure and way of getting refund

thanks & regds

RK saini

Ram Avtar Singh

Ram Avtar Singh (Expert)
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25 June 2009 What is the procedure for claiming refund?
A. Application in the prescribed form (Form - R) is to be filed in triplicate with the jurisdictional Asst./Deputy Commissioner of Central Excise/Service Tax.
The application should be filed within one year from the relevant date as prescribed in Section 11B of the Central Excise Act, 1944 which has been made applicable to Service Tax refund matters also.
Application should be accompanied by documentary evidence to the effect that the amount claimed as refund is the amount actually paid by him in excess of the Service Tax due and the incidence of such tax claimed as refund has not been passed on to any other person.

Guest

Guest (Expert)

25 June 2009 Dear Ramkumar,

You can't claim service tax as refund but you can avail the credit of service tax for subsequent periods (No limit of avail of service tax credit in the books of accounts).

Please revert if you need any further clarification

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Guest

Guest (Expert)

25 June 2009 check this link for more clarification

http://www.ieport.com/service_tax/service_tax_credit_rules_2002.htm