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
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
CAclubindia
