Champ (Partner at Rajesh Radhey & Co.) (116 Points)
16 September 2016
Champ
(Partner at Rajesh Radhey & Co.)
(116 Points)
Replied 16 September 2016
what will be treatment if service tax is exempt by government from retrospective effect and we deposited service tax to government while service tax is applicable how we get refund of service tax
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 17 September 2016
Sir, As such no specfic provision is available under Finance Act 1994. However, Budget 2016 Introduce 3 New sections 100 to 102 which deal with this situation. However, they are again drafted to solve specific situation.
They are basically for construction Industry. Then refund available as per that provisions.
Regards
CAclubindia
