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Refund of accumulated credit to a Service provider on closure of business / surrender of Registration

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..... Refund of accumulated credit to a Service provider on closure of business / surrender of Registration
Query (Issue) Started By: - Vinay Kunte Dated:- 7-3-2014 Last Reply Date:- 13-3-2014 Service T .....

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..... ax
Got 3 Replies
Service Tax
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, wha .....

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..... t 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 Ku .....

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..... nte: The Reply: 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 Dut .....

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..... y 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 n .....

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..... ote that 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 Commission .....

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..... er or Asstt. Commissioner in this regard and submit a write-up to the concerned authority. Regards, Team YAGAY & SUN (INDIRECT TAX CONSULTANTS)
Discussion Forum - Knowledge Sharing .....

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