TMI BlogRefund of accumulated credit to a Service provider on closure of business / surrender of RegistrationX X X X Extracts X X X X X X X X Extracts X X X X ..... Is the Refund of balance / accumulated Cenvat Credit available to a Service Provider if decides to close the business and surrender the registration? If yes, what is the procedure? - Reply By Pradeep Khatri - The Reply = Dear Vinay, Please check Rule 5 of the Cenvat Credit Rules, 2004. Regards, Team YAGAY SUN (Indirect Tax Consultants) - Reply By Vinay Kunte - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rule 5 of C.C.R. 2004 , speaks of the unutilized credit of Service Tax accumulated due to export of service, towards payment of Service tax on outward Services or payment of Excise Duty on Goods. But, it also stipulates certain conditions as may be notified by the Govt. Are there any procedures / conditions laid down vide any Circular / Notification in this respect? Also please note that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Refund is required due to closure of business. Is there any specific provision for that? - Reply By Pradeep Khatri - The Reply = Dear Vinay, Please meet with Commissioner/Deputy Commissioner or Asstt. Commissioner in this regard and submit a write-up to the concerned authority. Regards, Team YAGAY SUN (INDIRECT TAX CONSULTANTS) - Refund of accumulated credit to a Service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provider on closure of business / surrender of Registration - Query Started By: - Vinay Kunte Dated:- 7-3-2014 Service Tax - Got 3 Replies - Service Tax - Discussion 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 X X X X Extracts X X X X
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