https://www.taxtmi.com/circulars?id=30 M/s United Insurance Co. Ltd. seeks simplification allowing adjustment of premium refunds against future service tax liabilities and tax adjustments tied to premium reconciliations. They identify three refund types-pro-rata refunds on mid-term cancellations, provisional premium reconciliations, and book reversals for dishonoured payments-that generate frequent refund claims. The Board requests comments on whether existing procedures and documentation under Section 11-B of the Central Excise & Salt Act, 1944 are adequate for bulk disposal or whether separate procedures and amended formats are required. en-us Tue, 02 May 1995 00:00:00 +0530 Fri, 29 Aug 2008 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=30 M/s United Insurance Co. Ltd. seeks simplification allowing adjustment of premium refunds against future service tax liabilities and tax adjustments tied to premium reconciliations. They identify three refund types-pro-rata refunds on mid-term cancellations, provisional premium reconciliations, and book reversals for dishonoured payments-that generate frequent refund claims. The Board requests comments on whether existing procedures and documentation under Section 11-B of the Central Excise & Salt Act, 1944 are adequate for bulk disposal or whether separate procedures and amended formats are required. Circulars Service Tax Tue, 02 May 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=30