Dear Sir ,
Please guide me on following queries . Your assistance will be appreciable.
In case of surrender of registration , what I have to do for balance of excise duty , service tax & PLA . Can I ask for refund for that or any other process to be used.
Explain briefly.
Guidance on Handling Excise Duty and Service Tax Balances When Surrendering Registration: Refund or Reverse CENVAT Credit? An individual inquired about the process for handling the balance of excise duty, service tax, and PLA upon surrendering registration. The first response advised seeking a refund for accumulated CENVAT credit by submitting a written application to the relevant authorities. The second response recommended reversing the CENVAT credit on the closing stock at the time of surrendering registration. (AI Summary)