20 May 2013
A co. is the owner of the property and has been giving property on rental basis. Later on, A co. sold the property to B co. However the rental receipts in respect of such property continued to be received in the name of A co. A co then issued credit note in respect of such rental income to B co. A co. had paid service tax in respect of such rental income. However notice was issued to B co by Service department concerning default in payment of service tax. However in reality service tax have been paid by A co. on behalf of B co mistakenly. What are the steps we can take legally in respect of this matter? can B co. get the credit of service tax paid by A co?
CAclubindia
