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Service tax credit written off received later

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 January 2015 Service tax credit written off if received later then what is accounting treatment??
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CA Deven

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CA Deven (Expert)
27 January 2015 you can take the credit on payment basis
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 January 2015 If service tax refund applied but department has rejected hence amount is written off as rates and taxes in the books. Later on we received the refund, can this refund be treated as income. Is there any notification in this regard.
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CA Deven

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CA Deven (Expert)
27 January 2015 yES THE REFUND WILL BE TRATED AS YOUR INCOME IN THE YEAR OF RECEIPT.

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