Dear All,
Service Tax amount of Rent on Premises which was remitted to landlord service tax account but we remitted the total amount (rent on premises+ our service tax) in our service account. We also take cenvat credit on that amount which we donot pay to landlord. Now please how to resolve the issue so that we can gave that amount back to them and also our account correct.
Hope you will all help.
Regards
your friend.
Mistaken Rent Payment: Get Refund, Reverse Cenvat Credit, Reconcile Accounts to Avoid Tax Penalties. An individual sought advice on resolving a service tax issue related to rent payments. They mistakenly deposited the total rent, including service tax, into their service account instead of the landlord's account and claimed Cenvat credit on this amount. Respondents advised applying for a refund of the rent amount from the government and paying it to the landlord, as rent is not subject to service tax. They also recommended reversing the Cenvat credit and reconciling accounts to avoid future issues, emphasizing the importance of proper reconciliation to prevent penalties during tax scrutiny. (AI Summary)
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