Section 39
Deduction from return of refunded service tax
ActIn forceProvision 45 of 124
Section 39
(1)
The Director General may approve, subject to such conditions as he deems fit, an application by any registered person to deduct from time to time from his return referred to in section 26 the amount of service tax paid but subsequently refunded to his customer who is not doing business by reason of—
(a)
cancellation of taxable service;
(b)
termination of taxable service; or
(c)
such other reasons as may be approved by the Director
General.
58
(2)
The registered person shall make the deduction referred to in subsection (1) within one year after the payment was made, or such extended period as may be approved by the Director General.
(3)
This section shall not apply to a foreign registered person.