Forex Trial : Refund Of Service Tax Items & Challenges - Service Tax, as the name suggests is a tax leviable on all dutiest is a tax levied on the transactions of the facility specified by the Central Government under the finance Act, 1994t is an indirect tax (akin to Excise duty or Sales tax), which means the service provider pays the tax and recovers the amount from the recipient of the taxable workervice Tax is generally recovered by Assessee in two ways: By making use of the same as in the form of Cenvat Credit, or By Claiming the Refundny Assessee can utilize the amount of duty paid by him in excess by adjusting the same with the duty amount paid in subsequent periodefund of tax can be claimed by Assessee where self- adjustment of Service Tax is not feasibleefund of Service Tax generally happens in case of export oriented companies (STPI, SEZ, EOU units) which export their final product/duty, as no tax is levied by Government to promote the exportuch organizations disburse excise on the input/output assistance procure ... [Read More > Forex Trial]
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Forex Trial : Refund Of Service Tax Items & Challenges
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