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Service tax adjustment

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 Can we adjust the service tax paid earlier on advance received from first buyer for a residential flat from advance received from second buyer for the same residential flat on termination of the agreement with the first buyer. Full consideration including service tax is being refunded to the first buyer.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
30 June 2014 You can adjust the same.

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