Provider does not get money back from service receiver

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CA in service & CS. dipmaj@
3485 Points Joined June 2011

A company rendered service and issued invoice and thereafter deposited service tax to credit of Government.

Now there are indications that service recipient will not pay any amount to the provider due to some reasons.

How can the service tax already deposited claimed by the provider. Is it compulsory to claim refund. Can't it be adjusted against future tax liabilities.

Regards,

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On 14 December 2012 at 17:38 Report
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Sr. Manager
617 Points Joined April 2011

hi

This can be adjusted in the furture ST liablity.

 

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On 14 December 2012 at 18:04
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CA in service & CS. dipmaj@
3485 Points Joined June 2011

Is it through Rule 6(4A) or 6(3) of Service Tax Rules 1994. Can you please clarify, Prasad.

Regards,

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On 14 December 2012 at 19:01
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CA in service & CS. dipmaj@
3485 Points Joined June 2011

Any clarification from any friends, please.

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On 17 December 2012 at 10:25
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CHARTERED ACCOUNTANT
396 Points Joined August 2010

As per Rule 6(3) of service tax rules, adjustment can be made only if the invoice is renegotiated due to deficient provison of service and a credit note for the same has been issued. However, such adjustment are not possible in case of bad debts.

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On 17 December 2012 at 23:58


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