Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Refund of Cenvat Credit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We are a company registered under Business Auxiliary Services. We receive commission for local services provided in india and services provided abroad i.e export of services. Till date we were claimi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng 20% of cenvat credit available to pay service tax realised on local commission. Now we had a balance of Rs. 9.0 Lakh in our cenvat credit account. We would like to know wheteher we can claim this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cenvat credit as refund from the service tax deptt. - Reply By Surender Gupta - The Reply = First of all the method of utilizing 20% of cenvat credit for making payment of service tax is incorrect. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... You must note that export of services are not at par with exempted services and therefore, even if you export the services without making payment of service tax, you can utilize the cenvat credit o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n input services towards export of services for making payment of service tax on domestic services. Any how, since you have balance in your credit account, by applying the provisions of rule 5 of C .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CR, 2004 , you can claim refund of unutilized balance of cenvat credit. - Refund of Cenvat Credit - Query Started By: - Rakesh Chandra Dated:- 7-9-2010 Service Tax - Got 1 Reply - Service Tax - Dis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates