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Can we get a refund on service tax amount paid?- Property Hotline
Posted
September 15, 2016
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709
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September 15, 2016
709
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5:07Now PlayingExpert: Samir Kanabar, Partner -Tax and Regulatory Services at EY
Question: I made an initial payment of Rs10 lakhs to a developer along with an associated service tax at 3.71% for booking an apartment in Mumbai in the year 2014. Subsequently, due to personal reasons, I had to cancel the booking in the same year. The developer returned the Rs10 lakhs paid by me, but not the service tax. Can I get a refund on service tax amount paid by me?
Answer: Service tax could be refunded if the agreement is cancelled and entire amount is refunded.
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