utilisation of Service tax credits - reg, Service Tax

[PONNADA B K RAVIKUMAR]

We have accumulated to a large extent the portion of availed service tax credits than our on service tax liability as on 31-3-2010, This balance is so huge that it can service our IMPORT duty requirement for a year. We would like to know if this adjustment of Service tax to Import duty is possible and if so please quote the relevant rules and notifications for our benefit.

Posts / Replies

[CA. Shivani Shah]

You can avail refund of the same from the department for the entire amount if you are engaged in exports. For any further queries pls call on 9830402305

[PONNADA B K RAVIKUMAR]

we are sponsoring one event , which is going to happnen in the month of July'10 my query is whether we have to deduct the tds or not, if you under which section 194c or j another whether we have to account in june or july'10 pls reply asap