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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.
Notification No.41/2007-Service Tax
Guest
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. (AI Summary)
