Service tax Refund

Dear Sir,

As far as i know, i'm posting here..

Service tax paid in excess can be adjusted,

a) in the succeeding month or quarter and

b) details and reasons for such adjustment need to be intimated to the jurisdictional superintent of Central excise within 15 days from the date of such adjustment.

Hence refund is not possible..

Also, the threshold limit of Rs.10 lacs applies only for the first year and for the subsequent years, service tax shall be payable on the value of taxable services provide..

So, your client is liable to pay service tax on the value of taxable service provided for the FYs 2009-10 and 2010-11..

I agree with MRP.

Your client has to pay Service Tax from now onwards.

It is advisable u to not claim refund, and adjust the same in in the succeeding month or quarter.

Dear Sushma,

My name is MRM and not MRP...