Notification No.41/2007-Service Tax

[Guest]

Dear Sirs,

 

Can you explain the said Notification - what exactly said by this Notification ? We have to keep our record ready and avail the credit instead of refund application - is it correct ?

Kindly explain.

Regards. 

[DR.MARIAPPAN GOVINDARAJAN]

Please inform whether you have got clarified on your query. If not please inform me along with your all doubts.

AI Summary

Service tax credit: whether notification permits claiming credit instead of filing a refund application under service law. Whether Notification No.41/2007 permits a taxpayer to retain records and avail input credit instead of pursuing a refund is the operative question; the text contains a taxpayer query requesting explanation and a brief reply asking whether the query was clarified and for further particulars if it was not.