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Set-off of interest on service tax against service tax (Service Tax)

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This query is : Resolved


( Author )
09 July 2012

 Dear Experts,
Can interest on service tax can be set-off against the service tax payment and vice-versa.
And If yes, what are its procedural requirements???


laxman ishwarrao mitba

( Expert )
10 July 2012

 No, there is no such provision in Service Tax to allow set off for interest paid on delayed Service Tax.


RENGARAJ R.K

( Expert )
10 July 2012

 No it cannot be adjusted. only cenvat and input services are eligible.


fenil

( Author )
11 July 2012

 Thank you for reply.
If client has paid Service tax (Basic, Cess & H.Cess)in one code than can he adjust it??



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