This is regarding the source document to be shown in the ST3 for credit for cancellation u/r 6(3).
if a booking (of a flat) is done in April 2012 and tax thereon paid on 5th May 2012 and cancelled on April 2013, we can show the details of challan filed on 05/05/2012 as source documents.
If the tax has actually not been paid by cash but adjusted against CENVAT available then what source document be shown in the Return for cancellation?.
Otherwise if it possible to reverse the credit utilised in April 2012 now on cancellation in April 2013
CAclubindia
