Can excess payment of service tax for the april month liability can be adjusted toward June month service tax liability
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 16 June 2015
any intimation need to be send to Service tax department.please quote the section alos.
chitra
(Others)
(47 Points)
Replied 16 June 2015
Kuldipsinh Jadeja
(Job)
(357 Points)
Replied 25 June 2015
Hello Rahul,
As per Rule 6(4A) of Service Tax Rules, 1994, where an assessee has paid to the credit of Central Govt. any amount in excess of the amount required to be paid towards service tax liability for a month or a quarter as the case may be, the assesse may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter as the case may be.
Also as per Rule 6(4B) of Service Tax Rules, 1994, the adujstment of excess amount under rule 6(4A), shall be subject to the condition that the excess amount paid is on account of reason not involving interpretation of law, taxability, valuation or applicability of any exemption notification.
So w.r.t. Rule 6(4A) and subject to Rule 6(4B), you can adjust the excess amoun of service tax paid
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