Dear Sir,
We have raised invoice and given to customer in december 2016, but due to few disputes,customer did not paid the amount that time and but we already paid to service tax to government. Now customer is ready to pay,but they are asking for new invoice with gst terms.
If we cancel the old invoice,whether government will refund our service tax? and if yes,what is the procedure for the same.
Business Faces Slim Chances of Service Tax Refund; Advised to Issue Revised GST Invoice and Adjust Amount A business raised an invoice in December 2016 and paid the service tax, but the customer delayed payment due to disputes. Now, the customer requests a new invoice with GST terms. The business inquires about canceling the old invoice and obtaining a service tax refund. Responses suggest that chances of a refund are slim, and it may be unnecessary to cancel the invoice. One reply advises issuing a revised GST invoice and adjusting the amount, but emphasizes the low likelihood of a refund since the service was completed before the GST regime. (AI Summary)