We had received advance for export of services duriong Nov '08. Since we had huge cenvat credit balance we had debited the service tax during Jan '09 and claimed the rebate claim. Now, the department is asking us to pay the interest for the advance received since applied for rebate claim. Is interest is payable ? If so, under what provision ?
Asked on 8/02/10, 4:38 am
1 Answer from Attorneys
I dont find any revenue implication on the issue..
Have you received Show CAuse notice or any demand notice from the department ?
You can discuss the matter with us as understanding here is bit difficult.
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Regards
Answered on 8/02/10, 5:51 am
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