Service tax refund rejections choking IT cos' cash flow

Sep 27 2013, 08:42 IST
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IT industry is eligible for refund on the service tax inputs for units operating under the ambit of Software Technology Park regulations. IT industry is eligible for refund on the service tax inputs for units operating under the ambit of Software Technology Park regulations.
SummaryService tax refunds to tune of Rs 4,000-5,000 cr are pending on various grounds, largely flimsy.
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