09 August 2012
Sir my client have made an extra payment of Service Tax in the F.Y. 2010-2011. we have adjusted the full excess amount in the Q.E. 30/06/11 but now we have received a letter from the department tht we can only adjust the excess payment for the month Jan'11 to MArch'11, therefore they have a raised a demand on the remaining adjust amount. pls revert..!!
11 August 2012
It is Important to know in which quarter the excess payment is made. It shall be carried forward in each return thereafter till adjustment is done. While filing the return only last quarter excess amount must be carried forward on the basis of which AO allowed only that amount as credit. File revised return and then set off the excess credit.
12 August 2012
excess Payment is made in June'10; Sept.'10; Dec'10; as well as in March'11...we have adjusted the whole excess amount in June'11, but according the AO, only the March'11 excess amount can be adjusted in June'11 and not the rest and thus have asked the client to apply for refund....is it so, we cant adjust the full excess amt in the June;11 qtr..
CAclubindia
